by Daniel Anozie

Unmarkeed airplane

As part of efforts to strengthen bilateral relationship between Nigeria and Indonesia, the two countries on Sunday signed multi-billion naira long-term agreements on airlines and aircraft maintenance.

This is coming as the bilateral trade volume between the countries hits $2.2 billion.

The agreement and contracts are between GMF Aeroasia, Indonesia, with its Nigerian counterparts, including Kabo Air, Silverback Africa, Hak Air, Max Air and Service Air Ltd.

Other trade agreements were between the Nigerian Chamber of Commerce, Industry, Mines and Agriculture, (NACCIMA) and the Indonesian Chamber of Commerce and Industry.

The Minister of Trade and Investment, Olusegun Aganga, in his remarks, said the agreement would strengthen trade and investment relations between the two countries.

The minister also sought the cooperation of Indonesia in the area of power, infrastructure, agriculture, ICT and banking.

He said Nigeria, with a population of over 160 million people, was blessed with human, minerals resources and a market advantage because of its strategic location in Africa.

He said that the countries would work together to double the trade volume by 2015; adding that two nations would come up with strategic and implementable action plans to leverage the cordial bilateral trade relationship to boost trade and increase direct foreign investment.

Indonesian Minister of Trade, Gita Wirjawan, reiterated Indonesia’s readiness to partner with Nigeria in the key sectors of the Nigerian economy.

Wirjawan stressed the need for the Nigerian Government to move up its value chain, especially in the agricultural sector.

He said a Preferential Trade Agreement between Nigeria and Indonesia would soon be concluded as part of effort to increase trade and investment between the two nations; adding that there were over 15 Indonesian companies currently operating in Nigeria.