JAKARTADAILY.ID – Nigeria welcomes the opportunity to obtain several agricultural supplement products from Indonesia in a business matching survey between Indonesia and Nigeria which was held on a hybrid basis in Ikeja, Nigeria, Friday, July 22, 2022.
“There is still a lot of room and opportunity for improvement, especially for Indonesian products such as agricultural supplements. With this business exploration, it is hoped that Nigeria and Indonesia can take advantage of each other's potential to develop trade relations between the two countries," explained Indonesian Ambassador to Nigeria Usra Hendra Harahap in his remarks from the Indonesian Embassy in Abuja, quoted from the official website of the Ministry of Trade, Sunday, July 25, 2022.
The head of the Indonesian Trade Promotion Center (ITPC) Lagos Hendro Jonathan explained that during the exploration of the business, the processing machines for harvesting cassava, rice, and small and medium scale beans for small and medium enterprises (SMEs) also attracted Nigeria's attention.
In addition, the potential of organic fertilizers and vitamins for Indonesian livestock is an attraction for forum participants to be explored in order to support the development of agriculture and animal husbandry in Nigeria.
Hendro said that in 2021, the total trade between Indonesia and Nigeria was recorded at US$ 2.5 billion and experienced positive growth of 59 percent from 2021. This was contributed by Indonesia's exports to Nigeria amounting to $463 million. In January-May 2022, the total trade between Indonesia and Nigeria was recorded at $2 billion.
This value increased by 92 percent compared to the same period the previous year. The high growth in total trade between the two countries contributed by Indonesia's total exports to Nigeria reaching $287 million with a growth of 1.7 percent compared to last year.
“In the oil and gas sector, Indonesia imports crude oil from Nigeria. In the non-oil and gas sector, Indonesia imports cocoa beans; raw aluminum; zinc ore and concentrate; and peanuts,” explained Hendro.