Nigeria, Indonesia to increase economic cooperation

Yemi Osinbajo

Vice President, Prof Yemi Osinbajo

Vice President Yemi Osinbajo has said that Nigeria and Indonesia have agreed to work together to increase the level of economic cooperation between both countries.

Osinbajo disclosed this on Tuesday morning at a bilateral meeting he held with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries Transparency Initiative ( EITI ) Beneficial Ownership Transparency Conference in Jakarta, Indonesia.

According to a statement by the Senior Special Assistant on Media and publicity, Laolu Akande, Osinbajo said that Nigeria is open for business and more investment.

“We are looking forward to more Indonesian investments especially in the manufacturing sector in Nigeria, trying to exploit our local raw materials,” He said.

Osinbajo also informed Kalla that the Buhari administration has implemented reforms that have made the Nigerian business environment “a more favourable environment.”

In his own remarks, the Indonesian Vice President said his country is also ready for more economic cooperation with African countries, especially Nigeria.

Kalla also conveyed his greetings to President Muhammadu Buhari and asked after his health, to which Prof Osinbajo responded that the President was doing very well.

Osinbajo then expressed appreciation to the Indonesian government and extended greetings to President Joko Widodo.

Other issues discussed by the two Vice Presidents included how both countries can collaborate more in the Agriculture and agro-allied sector, and also in palm oil research and production.