Bilateral trade between Nigeria and Indonesia has consistently exceeded $3 billion annually, the Indonesian Ambassador to Nigeria, Bambang Suharto, has said.
Suharto disclosed this on Tuesday night in Abuja at a reception to mark Indonesia’s 81st Independence Day.
He said the figure has positioned Nigeria as one of Indonesia’s foremost trading partners in Africa.
“Our bilateral trade has consistently surpassed USD 3 billion annually, cementing Nigeria’s position as one of Indonesia’s foremost trading partners in Africa,” he said.
The ambassador said Nigeria supplies an essential source of energy that contributes to Indonesia’s energy security.
“Nigeria supplies an essential source of energy that contributes to Indonesia’s energy security, while Indonesian products have become household staples for Nigerian consumers and businesses,” he said.
According to him, some Indonesian products are now produced locally in Nigeria by Nigerian workers, showing value beyond exchange of goods.
He noted that both countries represent a combined market of more than 550 million people.
“Yet, there remains considerable room to grow. Together, Indonesia and Nigeria represent a vibrant market of more than 550 million people, defined by young populations, dynamic businesses, and substantial natural and human resources,” he added.
Suharto said Indonesian companies operating in Nigeria are contributing through investment, job creation and corporate social responsibility.
“Our ultimate ambition is not simply to trade more, but to cultivate a resilient partnership in which businesses on both sides thrive, local industries develop, and our people directly reap the benefits of the opportunities we create together,” he said.
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