Nigeria reaffirmed its commitment to expanding ties with Indonesia, emphasising the two countries’ untapped economic potential on Monday. This was reinforced at the Second Indonesia-Africa Forum, held in Bali, Indonesia, from September 1-3, 2024.
Mohammed Idris, Nigeria’s Minister of Information and National Orientation, represented President Bola Ahmed Tinubu at the ceremony. Idris, in a statement signed by the ministry’s Deputy Director of Press, Suleiman Haruna, who attended the high-level multi-stakeholder partnerships and joint leaders’ session, Nigeria is committed to strengthening its cooperation with Indonesia.
He emphasised that Nigeria is eager to use shared capabilities in sectors such as economic transformation, energy, mining, food and health security, and the digital economy to promote equitable and sustainable growth.
“The Indonesia-Africa Forum is a catalyst for a new era of cooperation, aimed at propelling both our countries toward a brighter and more prosperous future.
“Nigeria is committed to leveraging our shared strengths and resources to focus on critical pillars such as economic transformation, energy and mining, food and health security, and the digital economy.
“These are the foundations upon which our future cooperation will be built, driving inclusive and sustainable economic growth beneficial to all our nations,” Idris noted.
The symposium which brought together heads of state, government officials, business executives, and stakeholders to discuss how to strengthen economic cooperation and address global concerns, emphasised the economic and demographic importance of Africa and Indonesia, which together have over 1.7 billion people and a combined GDP of USD 4.4 trillion.
With delegations from 22 African and five non-African countries, participants advocated for more trade, investment, and development cooperation between the continents, with a focus on Africa’s shift from raw material exporter to industrial hub.
The trans-Saharan gas pipeline projects in Nigeria, Algeria, and Morocco also received special attention.
The Indonesia-Africa Forum acts as a strategic venue for strengthening economic ties between Indonesia and African countries. The forum promotes sustainable development by facilitating debate and collaborations in critical sectors such as trade, investment, energy, and digital economy.
Nigeria’s exports to Indonesia have climbed at a 26.3% annualised pace over five years, from $1.19 billion in 2017 to $3.83 billion in 2022. While Nigeria’s exports to Indonesia were US$4.26 billion in 2023.