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Issues In The News

Nigeria tops transactions at Indonesia trade Expo

The Indonesian Trade Promotion Centre in Lagos on Tuesday announced that Nigeria topped the list of trade transactions from West African countries in the 2014 Trade Expo Indonesia. ITPC’s Deputy Director, Mr Bona Kusuma, told the News Agency of Nigeria in Lagos that Nigeria recorded about 21.2 million dollars (N3.5 billion), Togo 6.4 million dollars, Ghana 3.7 million dollars, Cameroon 2.7 million dollars and Republic of Benin 1.9 million dollars.

“From available statistics from West African countries’ transactions in the 2014 TEI, Nigeria recorded the highest level of transaction among Togo, Ghana, Cameroon and Benin. “And the total transactions of these West African countries at the expo amounted to 35.8 million dollars with Nigeria leading the list of West Africa countries,” he said. Bona said the expo which held from Oct. 8 to Oct. 12 in Jakarta exposed participants from the region to Indonesian electric lamps, agricultural products, herbal products and medical products.

He said the participants were also exposed to Indonesian’s textile products, food and beverages, margarine, soaps, sardine, paper, cosmetics and rubber products as well as barge and tug boats. Bona said the expo had afforded Nigerians opportunities to explore the business in Indonesia. “TEI is an annual event designed to promote high quality Indonesian-made products and services to the global market, improve business and investment networking. “The expo gave opportunities to Nigerians and other visitors from West Africa to meet one-on-one with different Indonesian products and service exhibitors,” he said. Bona expressed satisfaction with the growing interest of some Nigerians in doing business with Indonesians.

The official said that the Indonesian Government would continue to improve on its bilateral relations in the years ahead. Bona expressed optimism that by the end of 2014, the trade volume between Nigeria and Indonesia would have risen by 30 percent. http://www.punchng.com/news/nigeria-tops-transactions-at-indonesia-trade-expo/

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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