Nigeria and Indonesia 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 News Agency of Nigeria reports that 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 Limited.
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, Mr. 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 Indonesian 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 Nigeria had a strong industrial base and efficient services sector.
He said the trade volume between the countries was over two billion dollars, adding that the countries would work together to double the trade volume by 2015.
The Indonesian Minister of Trade, Mr. Gita Wirjawan, promised 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.