Nigeria, Indonesia agree to reinforce economic ties

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Nigeria and Indonesia have agreed to increase the level of economic cooperation between both countries, Vice President Yemi Osinbajo said.

The agreement was reached on Tuesday at a bilateral meeting Osinbajo held with his Indonesian counterpart, Jusuf Kalla, a release issued by Mr Laolu Akande stated.

The meeting was on the sidelines of the Extractive Industries Transparency Initiative ( EITI ) Beneficial Ownership Transparency Conference in Jakarta, Indonesia.

According to Osinbajo, Nigeria is open for business and more investment and recalled the partnership reached with members of the Indonesian Chamber of Commerce on Monday.

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

The vice president also informed his counterpart that the Muhammadu Buhari administration had implemented reforms that had made the Nigerian business environment “a more favourable environment”.

Osinbajo expressed appreciation to the Indonesian government and extended greetings to President Joko Widodo.

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

Other issues discussed by the two Vice Presidents included areas of collaboration in the Agriculture and agro-allied sector including palm oil research and production.

NAN

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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