Nigeria’s Acting President Yemi Osinbajo said the country remains one of the most profitable places in the ECOWAS sub-region for business and investment.
Receiving Indonesia’s Foreign Affairs Minister, Mrs Retno L. P. Marsudi, at the Presidential Villa in Abuja recently, Osinbajo said that, with its large population and size, “Nigeria has a prerequisite market for profitable returns on any investment and business.”
Citing the success of Indomie, one of the products by an Indonesian company in the Nigerian market, the Acting President said “there is much room to increase the volume of trade between both countries. Nigeria is one of profitable places for business and investment because there is always market for them and government is creating a good and friendly environment for investment to thrive.”
Mrs. Marsudi, the head of a 200-member delegation of Indonesian business people, said that her country is ready to kick-start business relationship with Nigeria.
She also solicited the establishment of a palm oil producing council between Nigeria and Indonesia, stressing that countries producing palm oil should work together in order to benefit maximally from the market.
Osinbajo said Indonesia should take advantage of the ongoing economic diversification process, especially in the agricultural sector.