Nigeria, Indonesia Trade Volume Hit $2.5bn

Business News

By Gilbert Ekugbe

“The trade between Nigeria and Indonesia has hit over $2.5 billion in 2016 and we are willing to increase this volume by strengthening trade and investment opportunities between both countries,”This was this the submission by the International Trade Promotion Center (ITPC) through its Director, Lagos, Bagus Wicaksena, during a press briefing to herald the Indonesian-African forum scheduled to hold on the 10-11 of April in Bali, Indonesia. It is tagged “Sustainable trade and investment cooperation”.

Wicaksena noted that the trade volume represents the second largest the Indonesian government traded with the continent, stating that the total volume of trade between Indonesia and Africa stood at $7.6 billion in 2016.
According to him, the inaugural edition of the forum is an Indonesian government initiative aimed at promoting and strengthening trade and investment relationship between Indonesia and sub-Sahara Africa.

The organizers of the event, Goldmine Global Services Limited, through its president, Ishmael Balogun, said the forum is geared towards exploring various economic opportunities, to strengthen technical cooperation and enhancing existing partnership between both countries.

“The forum intends to provide a unique opportunity for around 550 people from the Indonesia business community, high-level government officials and other stakeholders to gather, interact and explore ways to establish concrete economic cooperation and expand business networks.”

“We believe the forum would provide a platform for Nigerian and other African businesses to showcase what they have to offer to the Indonesian business community thereby improving the probabilities of attracting inward cooperation and investments in terms of foreign direct investments from Indonesia,” he stressed.

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