Pre Media Convergence 2024
The President, Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), Ishmael Adegorioye Balogun, has stated that trade volume between Nigeria and Indonesia has hit over $6 billion in 2023.
He said this at a press conference to announce the Nigeria-Indonesia Investment and Trade Forum (NIITF) scheduled to be held in Kano.
He said trade between both countries increased from $4.7 billion in 2022 to an estimated $6 billion in 2023.
He, however, stated that the vision of NICCI is to promote bilateral trade and investment between Nigeria and Indonesia.
igeria’s quest to drive Foreign Direct Investments (FDIs) and increase trade is set to receive a significant boost with about 70 Indonesian companies and prospective investors set to storm the country next month, to explore opportunities for increased investment, trade, and partnership between Nigeria and Indonesia.
The visit of the 70 Indonesian companies to Nigeria is on the behest of the Nigerian Indonesian Chamber of Commerce and Industry (NICCI) in partnership with the Indonesian Embassy in Nigeria led by the Indonesian Ambassador to Nigeria, Amb. Dr. Usra Hendra Harahap.
The Nigerian Indonesian Chamber of Commerce (NICCI) has called on Indonesian businesses to harness the exportable opportunities of the Nigerian non-oil economy, to enhance bilateral trade between both countries.
Mr Ishmael Balogun, NICCI President, made the call at a news conference on Friday in Lagos to detail the forthcoming Nigerian Indonesian Investment and Trade Forum (NIITF) 2024 event in Abuja.
Balogun said that sectors of the economy in focus for the forum were agriculture, renewable energy, power generation, manufacturing, mining, transportation, infrastructure development, oil, aviation, digital economy and health.
He said that the event, which was scheduled for June 3, 2024, was an opportunity for Indonesia to meet in Nigeria and expand bilateral trade and investment between both countries.
In a recent courtesy visit, Minister Lola Ade-John, Nigeria’s Minister of Tourism, engaged in fruitful discussions with Mr. Ishmael Balogun, the President of Nigeria Indonesia Chairman of Commerce & Industry, emphasizing the untapped potential of tourism collaboration between the two nations.
Key points of discussion included investment opportunities in resorts, leveraging domestic tourism for community empowerment, and the exploration of bamboo resources for skill development. Minister Lola Ade-John highlighted the importance of community involvement in eco-tourism systems, emphasizing the need for leisure tourism initiatives to drive skill development and self-employment opportunities.
The Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) said it is committed to boosting the bilateral trade volume of both countries to over $6 billion.
He said NICCI has partnered with the Indonesian Embassy in Nigeria under the leadership of the Indonesian ambassador to Nigeria, Dr Usra Hendra Harahap in collaboration with the Indonesian government through the Ministry of Trade and Foreign Affairs to invite 70 Indonesian companies to Nigeria.
The trade volume between Nigeria and Indonesia rose to $4.7bn in 2022, the President of the Nigerian-Indonesian Chamber of Commerce and Industry, Ishmael Balogun, has disclosed.
Balogun this during a recent press conference to announce the Nigeria-Indonesia Investment and Trade Forum scheduled to be held in Kano.
He stated that the vision of NICCI was to promote bilateral trade and investment between Nigeria and Indonesia.
The Minister of Youth Development, Dr. Jamila Bio Ibrahim, has commended the Nigeria-Indonesia Chamber of Commerce and Industry (NICCI) for the trade volume between the two countries.
The minister stated this when the delegation of the Board of Directors and Management of the NICCI paid her a courtesy visit in her office on Friday, in Abuja.
The minister said Nigeria was blessed with arable land and subterranean water that makes all-year-round agriculture possible.
“We applaud the Government of Indonesia as well as the business community in the country as they partner to take advantage of these numerous investment opportunities, improve business environment, and ample returns on investment (ROI) in Nigeria,” she said.
The minister thanked the team for their passionate presentation, and noted that the youth are the future of the country and would therefore be guided jealously.
The President, Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), Ishmael Adegorioye Balogun, has stated that trade volume between Nigeria and Indonesia has hit over $6 billion in 2023.
He said this at a press conference to announce the Nigeria-Indonesia Investment and Trade Forum (NIITF) scheduled to be held in Kano.
He said trade between both countries increased from $4.7 billion in 2022 to an estimated $6 billion in 2023.
He, however, stated that the vision of NICCI is to promote bilateral trade and investment between Nigeria and Indonesia.
Governor of Enugu State, Dr. Peter Mbah, has urged Indonesian businesses and investors to take advantage of the numerous investment opportunities, improved business environment, and ample returns on investment (ROI) in Enugu State.
This was even as the governments of Nigeria and Indonesia pledged closer collaboration to boost trades and investments between both countries for mutual prosperity.
Mbah made the call in a keynote address he delivered at the 2023 Nigerian-Indonesian Investment and Trade Forum, which opened in Jakarta, capital of Indonesia, on Monday.
Speaking at the event organised by the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) in collaboration with the Indonesian Trade Promotion Centre, Lagos, Mbah, while commending the growth of trade volume between Nigeria and Indonesia to $4.7 billion, however, observed that both countries could actually do much more, especially considering the abundant opportunities offered by Enugu State.
Governor of Enugu State, Dr. Peter Mbah, has urged Indonesian businesses and investors to take advantage of the numerous investment opportunities, improved business environment, and ample returns on investment (ROI) in Enugu State.
This was even as the governments of Nigeria and Indonesia pledged closer collaboration to boost trades and investments between both countries for their mutual prosperity.
Governor Mbah made the call in a keynote address he delivered at the 2023 Nigerian-Indonesian Investment and Trade Forum, which opened in Jakarta, capital of Indonesia, on Monday.
Speaking at the event organised by the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI) in collaboration with the Indonesian Trade Promotion Centre, Lagos, Mbah, while commending the growth of trade volume between Nigeria and Indonesia to $4.7 billion, however, observed that both countries could actually do much more, especially considering the abundant opportunities offered by Enugu State.
Governor of Enugu State, Dr. Peter Mbah, has urged Indonesian businesses and investors to take advantage of the numerous investment opportunities, improved business environment, and ample returns on investment (ROI) in Enugu State.
This was even as the governments of Nigeria and Indonesia pledged closer collaboration to boost trades and investments between both countries for their mutual prosperity.
Governor Mbah made the call in a keynote address he delivered at the 2023 Nigerian-Indonesian Investment and Trade Forum, which opened in Jakarta, capital of Indonesia, on Monday.
Mbah made the call while delivering a keynote address at the 2023 Nigerian-Indonesian Investment and Trade Forum, which opened in Jakarta, capital of Indonesia, yesterday.
Meanwhile, at the occasion, the governments of Nigeria and Indonesia pledged closer collaboration to boost trades and investments between both countries for their mutual prosperity.
Speaking at the event organised by the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), in collaboration with the Indonesian Trade Promotion Centre, Lagos, Mbah, while commending the growth of trade volume between Nigeria and Indonesia to $4.7 billion, observed that both countries could do much more, especially considering the abundant opportunities offered by Enugu State.
The Governor of Enugu State, Peter Mbah has said that Nigeria and Indonesia have mutually beneficial circumstances that have uplifted the lives of the people both in political and economic spectra.
Governor Mbah stated this in his keynote speech titled “Discovering Business Potential in Enugu and Indonesia-Keynote” at the ongoing Nigerian Indonesian Investment and Trade Forum in Jakarta, Indonesia.
His full speech reads: “A deep sense of appreciation is all I feel at this great opportunity given me to be part of your event this morning, and a deeper sense of gratitude still that I am asked to give the keynote address of this epochal event.
When Governor Peter Mbah unveiled his Statement of Purpose ahead of the 2023 governorship election in Enugu State, his promise to grow the state’s Gross Domestic Product (GDP) seven folds from $4.4 Billion to $30 Billion generated mixed reactions, as many saw it as a tall order for a state renowned as a public service state. Five months down the line, however, Mbah is gaining more converts as he presses towards the target with the right policies, structures, and both local and international partnerships in place.
From tackling the security challenges headlong, including putting an end to the illegal sit-at-home, to improving ease of doing business, hosting the first Enugu State Investment and Economic Growth Plan Stakeholders Roundtable, introducing e-ticketing and automating revenue collection, and the recent flag off of the construction of a New Enugu City and 400 kilometres of various roads to bolster infrastructure needed to attract investments, the governor is not leaving any stone unturned.
Last week, Mbah took his quest for investments to southeast Asia where he marketed Enugu to investors at the Nigerian-Indonesian Investment Trade Forum in Jakarta, Indonesia. Themed “Rediscovering Business Potentials in Nigeria and Indonesia”, the event, which was facilitated by the Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), came after the first edition in 2022 attended by the then Vice of President of Nigeria, Prof. Yemi Osinbajo.
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The Enugu State Government said it will be collaborating with the Indonesian government to foster mutual prosperity, capital flows, and the diversification of Indonesian industries in the state.
Prof. Chidiebere Onyia, Secretary to the State Government (SSG), made this known on Friday at the Nigeria-Indonesia Trade and Investment (NIITF) news conference in Lagos.
The Enugu State Government revealed that it is collaborating with the Indonesian Government to boost capital development for industrialization in the state.
This was disclosed on Friday by Prof. Chidiebere Onyia, Secretary to the State Government (SSG), at the Nigeria-Indonesia Trade and Investment Forum (NIITF) in Lagos.
He said the partnership would see the diversification of Indonesian industries in the state.
The trade balance between Nigeria and Indonesia has risen from $2.6 billion in 2021 to $4.6 billion in 2022.
President of the Nigeria Indonesian Chamber of Commerce and Industry (NICCI), Ishmael Balogun, made this known at a news conference in Lagos to herald the Nigerian Indonesian Investment and Trade Forum (NIITF) 2023.
The NIITF was aimed at showcasing the best of Nigeria’s non-oil produce, driving foreign direct investment (FDI), and increasing the trade balance between Nigeria and Indonesia.
This year’s edition of the forum comes up this month in Jakarta, Indonesia, after its inaugural edition in 2022.
The Enugu State Government said it is set to collaborate with the Indonesian government to attract investment aimed at facilitating industrialization in the state.
Onyia said that deal will spur trading activities between Indonesia and the Enugu State, open up the myriad of investment opportunities in the state across key sectors such as energy, power and transport.
He noted that the state’s abundant mineral resources, fertile lands with rich plantations supporting production of the best cashew, sorghum, rice, cassava, and other agricultural species placed it as a vantage investment destination.
Enugu state and the Indonesian government are set to stimulate greater trade and investment between Nigeria and the Southeast Asian country across key sectors such as agriculture, energy, power and transport.
As part of the efforts, the Enugu State Governor, Dr Peter Mbah, is expected to give a keynote at the Nigerian Indonesian Trade and Investment Forum scheduled for Jakarta, Indonesia this month.
Both parties pursue mutual prosperity, capital flows and diversification of Indonesian industries into Enugu, the Enugu State Government said.
This was made known at a press conference organised by the Nigerian Indonesian Chamber of Commerce and Industry (NICCI) in Lagos.