The Nigerian federal government has officially expressed its support for the organization of the Nigeria-Indonesia Investment Forum, scheduled for October 2025 in Jakarta. This initiative aims to strengthen bilateral exchanges between the two countries and attract new foreign capital, in the context of revitalizing Nigeria’s international economic relations.
Coordinated Government Mobilization
The President of the Nigeria-Indonesia Chamber of Commerce and Industry, Ishmael Balogun, stated that the office of Nigerian Vice President Kashim Shettima, in collaboration with several key ministries — including Industry, Trade, Investment, Agriculture, and Health — as well as strategic agencies such as the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Promotion Council (NEPC), have committed to actively supporting this forum. The Vice President has mandated the Presidential Enabling Business Environment Council to coordinate these efforts.
A Lever to Strengthen Economic Cooperation
This forum is part of a broader effort to enhance economic cooperation between Nigeria and Indonesia, two emerging economies with promising complementarities. The goal is to create a favorable framework for investment and trade, thereby promoting economic growth and sustainable development in both countries. This dynamic also fits within Nigeria’s broader efforts to diversify its international economic partnerships, as seen in its growing ties with other African and Mediterranean countries.
Investment Prospects and Strategic Agreements
Indonesia, which already signed investment agreements worth 600 million USD with several African states in 2018, plans to strengthen its commitments to the African continent, particularly in the health, energy, and strategic minerals sectors. At the 2024 Indonesia-Africa Forum, agreements totaling 3.5 billion USD were announced, illustrating Indonesia’s determination to develop solid economic partnerships with Africa, including Nigeria.
Conclusion
Abuja’s official support for the Nigeria-Indonesia Investment Forum 2025 marks an important step in consolidating bilateral economic relations. This forum represents a major opportunity for both countries to boost trade, attract foreign investments, and strengthen their strategic cooperation in a rapidly changing global context.
