Nigeria-Indonesia trades rise to $4.6b | The Nation Newspaper

, Ishmael Balogun, made this known at a news conference in Lagos to herald the Nigerian Indonesian Investment and Trade Forum 2023.

“We can authoritatively report back that the investments definitely paid off. In 2021, our trade balance between Nigeria and Indonesia was $2.6 billion. That figure has grown significantly to $4.6 billion in 2022 and we are just scratching the surface,” Balogun said. “This will be followed by a Government to Government , Government to Business and Business to Business round table discussions to further foster sustainable collaborations and fruitful partnerships.

Secretary to the State Government , Prof. Chidiebere Onyia said the State Government will be collaborating with the Indonesian Government to foster mutual prosperity, capital flows and diversification of Indonesian industries into the state.According to him, the state’s collaboration with the Indonesian Government would also help explore the myriad of investment opportunities in Enugu State across key sectors such as energy, power and transport.

He further said the state’s economic transformation plan underscored a three-pronged strategy of boosting sector productivity, reforming key state institutions, and creating cross-cutting social sector programmes and services. “Enugu State will become Nigeria’s most remarkable success story, driven by industrialisation and structural economic transformation, responsible public financial management, robust growth in trade and investment, and sustainable and inclusive infrastructural development,” he said.

“Efforts have been made to strengthen regulatory and legal framework to ensure the elimination of bottle necks to allow investors to come in.

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