INDONESIA IS NOW READY TO DEVELOP NIGERIA’S PALM OIL INDUSTRY

During a visit to Abuja last week, Indonesian Foreign Minister Retno Marsudi conveyed to her Nigerian counterpart Geoffrey Onyeama that Indonesia is ready to cooperate to develop Nigeria’s palm oil industry, reports the Antara News in Jakarta.  Both foreign ministers discussed cooperation in the palm oil industry, as Nigeria is currently diversifying its economy, including the development of the palm oil industry. To this end, the Indonesian government has invited Nigeria to join the Council of Palm Oil Producing Countries established by Indonesia and Malaysia.

During the bilateral meeting with Onyeama, Marsudi also conveyed that Indonesia and Nigeria are two big economies in their regions with complementary economic advantages.  Hence, it is only natural that trade and investment relations between the two countries should be intertwined and improved.  Nigeria is Indonesia’s largest trading partner in Sub-Saharan Africa.  It is also the main destination country for Indonesian investmet in Africa.