The federal government has pledged support for the Nigeria-Indonesian Investment and Trade Forum 2025 (NIITF) to boost bilateral trade and attract foreign investment.

Ishmael Balogun, president of the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), revealed this during a news conference on Friday in Lagos.

He said the Office of the Vice President, Kashim Shettima, alongside key ministries and agencies, had committed to improving trade figures between both nations.

Mr Balogun added that the vice president had directed the Presidential Enabling Business Environment Council (PEBEC) to coordinate relevant ministries, departments, and agencies (MDAs).

These include the ministries of industry, trade and investment, agriculture, and health, along with NIPC, NEPC, and other strategic trade bodies.

He noted that the 40th Indonesian Trade Expo would hold from Oct. 15 to 19 in Jakarta, Indonesia.

The Nigerian-Indonesian Investment and Trade Forum would then follow from Oct. 21 to 23, also in Jakarta.

Nigeria and Indonesia currently trade in sectors like oil, manufacturing, FMCG, household items, pharmaceuticals, agriculture, and electronics, among others.

The last official trade figure in 2023 stood at 4.7 billion dollars, with projections of five billion dollars for 2024.

He stressed the need for both nations to deepen efforts, boost trade volumes, and strengthen their enduring bilateral relationship.

To encourage Asian market expansion into Nigeria, NICCI has eased visa, accommodation, and tourism procedures for interested participants.

He encouraged attendees to visit:  www.nigerianindonesianchamber.com and www.niitf.org for further information. 

(NAN)