Nigeria to deepen economic ties with Indonesia

Nigeria to deepen economic ties with Indonesia

According to reports, the Nigeria’s Ambassador to Indonesia, Mr. Hakeem Balogun, has expressed desire to deepen existing economic ties between Nigeria and Indonesia.

A statement by the Nigerian Embassy in Indonesia quoted Balogun stated the commitment when he presented his Letters of Credence to Indonesian President Joko Widodo in Jakarta.

The new ambassador who applauded the existing cordial bilateral relations between Nigeria and Indonesia said that focus would be on enhancing relations in trade and investment

He said that efforts would be geared towards development of agriculture, energy, solid minerals, oil and gas, manufacturing, tourism and infrastructure.

He also conveyed President Muhammadu Buhari’s fraternal goodwill and good wishes to Widodo.

Balogun told the Indonesian president that he would convey his request on his invitation to Buhari to visit Indonesia and his request for direct purchase of Nigeria’s crude oil.

The envoy stressed the need for continued efforts to enhance the existing economic ties between the two countries.

The ambassador said that Nigeria was the surest door through which Indonesia could enter the African market.

He said that the current volume of trade between Nigeria and Indonesia stood at around 1.7 billion dollars in favour of Indonesia.

Balogun assured that he would interface with the relevant Indonesian investors to take advantage of the favourable investment climate in Nigeria as the largest market in Africa.

He said that a proposed Nigeria-Indonesia Joint Commission would be an opportunity for both countries to further boost the existing cordial relations.

In his response, the Indonesian president noted the need for Nigeria and Indonesia to strengthen the existing cordial bilateral relations between the two countries.

Widodo said that there were many Indonesian companies in Nigeria, including IndoFood, makers of the popular Indomie Noodles.

He said that Nigeria and Indonesia established diplomatic relations in 1965 with the establishment of the Indonesian Embassy in Lagos.

He said that Nigeria subsequently opened its embassy in Jakarta in 1976 to enhance bilateral relations between the two countries


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