Nigeria, Indonesia trade volume hits $3.2b in four years

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The Guardian by Jim Okeke

November 10, 2014

http://www.ngrguardiannews.com/business/186116-nigeria-indonesia-trade-volume-hits-3-2b-in-four-years

The volume of bilateral trade between Nigeria, Indonesia has risen from $1.2 billion to $3.2 billion in 2010 to date, the outgoing Indonesia Ambassador to Nigeria, Sudirman Haseng has disclosed.

The Ambassador, who revealed this at the weekend, when he visited the Minister of Foreign Affairs, Amb. Aminu Wali in his Abuja office, said that the country has about 28 companies operating in Nigeria.

Haseng expressed optimism that the trade volume is expected to increase by next year.

He said “I helped during my tenure as I have informed the Minister that we increased and promote our bilateral relationship especially in the economic investment of the country. During my four years here we managed to increase the trade volume from $1.2 billion to $3.6 billion and from next year it will be about $ 5 billion. In terms of investment I also informed the Minister the Indonesia companies operating here has increased significantly. We have about 28 companies here now. The manufacturers from Indonesia are still being ask to come to Nigeria as a way to revamp the market in Nigeria.”

“So in the next coming years I do believe that the Indonesia companies will come into Nigeria more and more,” he said.

On the cases of Nigerians in Indonesia prisons as a result of the drug trafficking and the possible transfer of the prisoners back to Nigeria, he said, “First of all, we already have the legal framework with regard to this. We already have MOU on the illegal drug trafficking. Indonesia is still considering the proposals.

He added “I don’t have any figures on how many Nigerians that are in prison in our country but am happy to say that during the last five years especially when the two government organised a symposium to find out the solution of these problems. There is no more an increase of Nigerians in prison in Indonesia. So the trend is downward.”

Responding, Wali assured him of the Federal Government cooperation to strengthen the bilateral relationship between the two countries.

“Thank you so much for your cooperation with us an we will continue to partner with you to broaden and strengthen the existing relations between Nigeria and Indonesia”, he said.

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