The Federal Government of Nigeria has pledged support for the Nigeria-Indonesian Investment and Trade Forum 2025 to boost bilateral trade and attract foreign investments.
The President of the Nigerian-Indonesian Chamber of Commerce and Industry, Mr Ishmael Balogun, told a news conference on Friday in Lagos that the Office of the Vice President, Mr Kashim Shettima, alongside key ministries and agencies, had committed to improving trade figures between both nations.
Balogun said that Nigeria’s Vice President had directed the Presidential Enabling Business Environment Council to coordinate relevant Ministries, Departments, and Agencies.
These include the ministries of industry, trade and investment, agriculture, and health, along with NIPC, NEPC, and other strategic trade bodies.
He disclosed that the 40th Indonesian Trade Expo would hold from October 15 to 19 in Jakarta, Indonesia.
The Nigerian-Indonesian Investment and Trade Forum would then follow from Oct. 21 to 23, also in Jakarta.
Nigeria and Indonesia currently trade in sectors like oil, manufacturing, FMCG, household items, pharmaceuticals, agriculture, and electronics, among others.
The last official trade figure in 2023 stood at 4.7 billion dollars, with projections of five billion dollars for 2024.
He stressed the need for both nations to deepen efforts, boost trade volumes, and strengthen their enduring bilateral relationship.
To encourage Asian market expansion into Nigeria, NICCI has eased visa, accommodation and tourism procedures for interested participants.
GIK/APA