Enugu, Indonesia to stimulate cross-border investment, capital flow | The Guardian Nigeria News

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Enugu state and the Indonesian government are set to stimulate greater trade and investment between Nigeria and the Southeast Asian country across key sectors such as agriculture, energy, power and transport.

As part of the efforts, the Enugu State Governor, Dr Peter Mbah, is expected to give a keynote at the Nigerian Indonesian Trade and Investment Forum scheduled for Jakarta, Indonesia this month.

Onyia said Enugu would benefit greatly from the forum, given the state’s abundant resources and potential. He assured that the state was robustly de-risking the investment climate and addressing bottlenecks that undermine investment growth and profitability. The President of the Nigerian Indonesian Chamber of Commerce and Industry, Ishmael Balogun, noted that investments between Nigeria and Indonesia have grown from $2.6 billion in 2021 to $4.6 billion in 2022.

He added that the event in Indonesia would witness the signing of a memorandum of understanding by participants to grow the economies of both countries.

 

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