Nigeria and Indonesia’s bilateral trade has consistently exceeded three billion dollars annually, according to Indonesia’s Ambassador to Nigeria, Bambang Suharto.

Speaking at an event in Abuja, Suharto said the two countries have a combined market of more than 550 million people, creating opportunities for increased trade and investment.

He said Nigeria supplies energy to Indonesia, while Indonesian products are widely used by Nigerian consumers and businesses.

The Nigerian Foreign Affairs Ministry said it is interested in Indonesia’s experience in manufacturing, agriculture, digital technology, infrastructure and industrialisation.

Both countries also identified agriculture, energy, pharmaceuticals, the digital economy and creative industries as areas with potential for increased investment and cooperation.

Officials from both countries called for stronger private-sector partnerships, technology transfer and improved business links to deepen economic relations.