Nigeria and Indonesia have reaffirmed their commitment to strengthening trade and investment relations as the Nigerian–Indonesian Chamber of Commerce and Industry hosted the fourth Nigerian–Indonesian Investment and Trade Forum in Jakarta.
According to a statement, the event brought together senior government officials, diplomats, and business leaders from both countries to explore opportunities in energy, manufacturing, agriculture, health, and technology under the theme, ‘Unlocking Potentials and Building a Sustainable Economic Future’.
President of NICCI, Ishmael Balogun, said Nigeria–Indonesia trade had grown from $1.73bn in 2019 to over $6bn in 2023, describing the rise as “a clear testament to renewed confidence and cooperation.”
He urged Indonesian investors to explore Nigeria’s vast opportunities in oil and gas, renewable energy, fintech, and mining, while inviting them to a reciprocal trade mission to Nigeria in 2026.
Balogun said NICCI, once dormant, had been repositioned “as a vibrant chamber shaping bilateral trade and promoting economic diplomacy at the highest levels.”
The Indonesian Ambassador Designate to Nigeria, Ambassador Bambang Suharto, commended NICCI for its “credible bridge between governments and the private sector,” noting that trade between both countries had reached $4.7bn in 2023, driven increasingly by non-oil sectors.
