Nigeria, Indonesia Forge Stronger Economic Ties
The Federal Government has announced its support for a major investment and trade forum between Nigeria and Indonesia, scheduled for October 2025.
This development aims to enhance bilateral trade and attract foreign investment. The Nigerian-Indonesian Chamber of Commerce and Industry has been working closely with the Office of the Vice President to achieve this goal.
A recent meeting in Lagos revealed that the Vice President has tasked the Presidential Enabling Business Environment Council with coordinating key government agencies to improve trade relations between the two nations.
These agencies include those responsible for industry, trade, agriculture, and health.
The 40th Indonesian Trade Expo will take place from October 15 to 19 in Jakarta, followed by the Nigeria-Indonesia Investment and Trade Forum from October 21 to 23. Both events are expected to provide a platform for businesses from both countries to explore opportunities and strengthen partnerships.
Bilateral trade between Nigeria and Indonesia has been growing steadily, with a trade value of $4.7 billion recorded in 2023 and a projected $5 billion for 2024. To further facilitate trade and investment, efforts are being made to simplify procedures for Asian businesses looking to expand into the Nigerian market.
