Nigeria’s exports to Indonesia rise by 51.8% in 5 years – Envoy

Nigeria’s exports to Indonesia have surged ahead, skyrocketing by 51.8% over the past five years, with official figures revealing a dramatic increase from $148 million in 2017 to $1.19 billion in 2022.

Official figures reveal that crude petroleum products have driven the growth, leaping to $3.8 billion, followed by cocoa beans, which have risen to $104 million, and nitrogenous fertilizers, which have jumped to $35.5 million.

The Indonesian Embassy in Nigeria has spearheaded economic cooperation between the two nations, fostering a significant increase in trade.

Outgoing Indonesian Ambassador to Nigeria, Dr. Usra Hendra Harahap, has championed trade and investment, achieving numerous milestones in Nigeria-Indonesia relations during his tenure.

Ambassador Harahap has demonstrated exceptional leadership, promoting relations, creating a conducive work environment, and enhancing Nigeria’s global image.

His philanthropic efforts have transformed communities, improving living conditions, providing security, and fostering a sense of belonging among beneficiaries.

Nigeria and Indonesia are committed to strengthening economic ties, exploring new areas of cooperation, and capitalizing on growing trade opportunities.

Nigeria’s Minister of Industry, Trade and Investment has hailed the partnership, stating that it has created new opportunities for Nigerian businesses and investors.

The Nigerian government is establishing a trade mission in Indonesia to further promote trade and investment.

Indonesian investors are pouring into Nigeria’s agricultural sector, signing agreements to invest in palm oil production.

The thriving trade relations between Nigeria and Indonesia are boosting the economy, creating jobs, and increasing revenue for both nations.

The partnership is also expected to enhance bilateral cooperation in other areas, including education, healthcare, and infrastructure development.

As trade relations continue to flourish, Nigeria and Indonesia are poised to become key players in the global economy, driving growth and prosperity for their citizens.