Nigerian-Indonesian Chamber recommits to improving trade, investments between two countries

 

Abuja, Nov. 5, 2025 – The Nigerian–Indonesian Chamber of Commerce and Industry has reaffirmed its commitment to expanding bilateral trade and investment between the two countries.

The chamber made the pledge in a communiqué issued at the end of its fourth Nigerian–Indonesian Investment and Trade Forum held in Lagos on Tuesday in Lagos.

The forum had the theme ‘Unlocking Potentials and Building a Sustainable Economic Future’.

Ishmael Balogun, its President, said the chamber had become a key platform in driving investment between the two countries.

He said trade between Nigeria and Indonesia had risen from $1.73 billion in 2019 to more than $6 billion dollars in 2023.

Balogun urged Indonesian firms to explore Nigeria’s opportunities in energy, agriculture, healthcare, manufacturing, renewable energy and technology.

He said both countries were not only trading partners but builders of a bridge connecting Africa and Asia.

He stressed that the partnership sought to link ideas with investment and policy with progress.

Bambang Suharto, the Indonesian Ambassador-designate to Nigeria, reaffirmed Indonesia’s commitment to boosting cooperation in agribusiness, healthcare, renewable energy and manufacturing.

Suharto described the two countries as diverse and resilient, bound by shared values of development and progress.

He commended NICCI for fostering strong diplomatic and private-sector engagement, noting rising trade as evidence of closer ties.

 

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