The Nigerian-Indonesia Chamber of Commerce and Industry has disclosed that the trade balance between Nigeria and Indonesia has increased significantly by 80.77 per cent to reach $4.7bn in 2022, from $2.6bn in the prior year.
The President of the chamber, Ishmael Balogun, disclosed this at the 2023 Equipment and Manufacturing West Africa Exhibition themed “Reigniting Manufacturing to Drive Economic Growth and Development”, recently in Lagos.
This was as industry experts at the event emphasised the importance of embracing technology, human capacity building, and collaboration to reignite the manufacturing sector and drive economic growth and development in Nigeria.
Speaking at the event, Balogun highlighted the significance of bilateral trade and investment, technological advancements, and global engagement.
He emphasized that embracing technological advancements and engaging in global partnerships would enable businesses to explore new territories and create mutually beneficial opportunities. Balogun said: “It will also be pleasing to let you know that between 2021 and 2022, the trade balance between Nigeria and Indonesia has grown from $2.6bn to $4.7bn. We hope to open up new territories to discover more and expand our reach.” – PUNCH
