Business
Nigeria, Indonesia To Deepen Economic Relations
Nigeria and Indonesia are to deepen bilateral relations, especially in the areas of sharing information on national planning and development as well as trade and investment.
Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said this in a statement by Media Adviser to the Minister, Mr James Akpandem, on Friday in Abuja.
It said, Udoma made the declaration when he received the Indonesian Ambassador to Nigeria, Mr Harry Purwanto.
Udoma said both officials discussed areas of common interests between their two countries and agreed that a more profound bilateral relationship would be beneficial to both countries, especially on a technical level.
He said Nigeria valued its relationship with Indonesia and felts aligned with it because apart from both countries belonging to the South South Cooperation, there was so much linking them.
They have natural resources like oil and gas, colourful culture and tradition and other similarities in terms of challenges.
He said the drive of the Indonesian government to invest in various sectors of the Nigerian economy was much appreciated because it was coming at a time Nigeria was seeking to grow its economy along a diversified, sustainable and inclusive path.
He added that both countries had a lot to learn and benefit from each other, given their experiences.
Udoma said Nigeria appreciated the investments already made by Indonesian companies and would welcome more.
The areas include the desire to establish oil palm plantations and processing mills and the possibility of manufacturing small aircraft in Nigeria.
On the desire of the Asian country to expand its rice programme at home, to achieve self sufficiency, Udoma said Nigeria was embarking on a similar programme and would benefit from experience sharing.
Earlier, Parwunto said the initial Indonesian investments in Nigeria proved very successful
He added that his country was committed to deepening trade and investment relations with Nigeria for the mutual benefit of both countries.
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