The Federal Government has committed to supporting the Nigeria-Indonesian Investment and Trade Forum 2025 to enhance bilateral trade and attract foreign investments.
This was disclosed by Mr. Ishmael Balogun, President of the Nigerian-Indonesian Chamber of Commerce and Industry, during a press conference held on Friday in Lagos.
He stated that the Office of the Vice President, Mr. Kashim Shettima, together with key ministries and agencies, has pledged to enhance trade relations between the two countries.
Balogun also mentioned that the Vice President instructed the Presidential Enabling Business Environment Council to oversee the coordination of the relevant Ministries, Departments, and Agencies.
The ministries involved include Industry, Trade and Investment, Agriculture, and Health, as well as NIPC, NEPC, and other key trade organizations.
He stated that the 40th Indonesian Trade Expo is scheduled for October 15–19 in Jakarta, Indonesia.
The Nigerian-Indonesian Investment and Trade Forum will take place afterward, from October 21–23, also in Jakarta.
Nigeria and Indonesia presently engage in trade across various sectors, including oil, manufacturing, fast-moving consumer goods (FMCG), household products, pharmaceuticals, agriculture, and electronics, among others.
The most recent official trade value in 2023 was $4.7 billion, with expectations to reach $5 billion in 2024.
He emphasized the importance of both countries intensifying efforts to increase trade and fortify their long-standing bilateral ties.
To facilitate Asian market entry into Nigeria, NICCI has simplified visa, accommodation, and tourism processes for interested participants.
He urged attendees to visit www.nigerianindonesianchamber.com and www.niitf.org for more details.
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