A Review of the Nigerian Energy Industry

Nigeria, Indonesia trade hits $588 million

Textile workers23 August 2014, Lagos – Director, Indonesian Trade Promotion Centre (ITPC), Mr. Pontas Tobing has disclosed that the total trade volume between Nigeria and Indonesia on non oil and gas transaction amounts $588 million US dollars, with 26.8 per cent growth trend.

The ITPC Director also noted that as a result of the cordial bi-national relationship between the two countries, Indonesians presently have over 15 reputable companies operating well in Nigeria.Tobing who spoke at the conference heralding Indonesia’s 29th Trade Expo, scheduled to take place October 2014, at the Jakarta International Expo, in Kemayoran, said that with the support of Indonesia Ministry of Trade, the ITPC, Lagos is dedicated to the promotion and improvement of business relationship of both countries in the non-oil and gas sector, by introducing quality market penetration of Indonesian products and services into the Nigerian market.

“Indonesia Trade Expo is the biggest exhibition organised by the Ministry of Trade of the Republic of Indonesia in collaboration with the Ministry of Foreign Affairs, Ministry of Industry, State Ministry of Cooperative, Small and Medium Enterprises and Indonesia Investment Coordinating Board to ensure that bi-national trade between Indonesia and other countries are prosperous.

According to him, the Expo, expects to boosts prospects and chances to business minded individuals, particularly to those who seek venturing and or investing in Indonesian industrial sector, such as, agricultural products, building materials, furniture, creative products, Information and Communication Technology (ICT), Beverages and many others.In the same vein, the Indonesia Trade Promotion Deputy Director, Mr. Bona Kusuma, acknowledged the fact that both countries have made collaborative efforts to ensuring that they maintain better diplomatic ties in key areas of their economies, stressing that Nigeria remains Indonesia most cherished partner and the country will not relent in efforts to keep the relationship as healthy.
*Vera Samuel Anyagafu – Vanguard

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