Nigeria, Indonesia agree to strengthen economic ties

Nigeria and Indonesia have agreed to work together to increase the level of economic cooperation between both countries.

This was disclosed by Vice President Yemi Osinbajo while speaking at a bilateral meeting he held with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Transparency Conference in Jakarta, Indonesia.

A statement issued by his spokesman, Laolu Akande on Tuesday, said Osinbajo also noted that Nigeria is open for business and more investment.

“We are looking forward to more Indonesian investments especially in the manufacturing sector in Nigeria, trying to exploit our local raw materials,” Prof Osinbajo said.

He also informed MMrKalla that the Buhari administration has implemented reforms that have made the Nigerian business environment “a more favourable environment.”

In his own remarks, the Indonesian Vice President said his country is also ready for more economic cooperation with African countries, especially Nigeria.

Vice President Kalla also conveyed his greetings to President Muhammadu Buhari and asked after his health, to which Prof Osinbajo responded that the President was doing very well.

The Nigerian Vice President then expressed appreciation to the Indonesian government and extended greetings to President Joko Widodo.

Other issues discussed by the two Vice Presidents included how both countries can collaborate more in the Agriculture and agro-allied sector, and also in palm oil research and production.

Other issues discussed by the two Vice Presidents included how both countries can collaborate more in the Agriculture and agro-allied sector, and also in palm oil research and production.