Bright prospects for SMEs expanding footwear market to Nigeria antaranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from antaranews.com Daily Mail and Mail on Sunday newspapers.
Overseer of the Indonesian Trade Promotion Center, Hendro Jonathan, said Nigeria sent out merchandise worth 700 million dollars to Indonesia a year ago.
He clarified that while Nigeria’s absolute fare to the Asian nation was $700 million, its import from Indonesia $300 million.
He depicted the exchange volume as a positive development sign for the two nations, adding that the Nigeria-Indonesia discussion has been about the worth as against the volume of exchange.
Jonathan uncovered this at instructions in Lagos to declare the Equipment and Manufacturing West Africa (EMWA) 2021 presentation, themed ‘Industrialisation and Innovation: Revitalizing the Industrial Sector to Unlock Nigeria’s Potential.’
Nigeria exports to Indonesia over $700m | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
Ugo Aliogo
The Director of Indonesian Trade Promotion Centre, Mr. Hendro Jonathan has disclosed that the value of Nigeria- Indonesia trade currently stands at $459 million, which he describes as a positive growth sign for both countries.
He explained that in the bilateral trade relationship with Nigeria, the conversation has always being on the value of trade, not volume.
According to him, in terms of trade volume, it is positive for Nigeria, because export from the West African country is higher when compared with the imports from Indonesia.
Jonathan, who stated this in Lagos, during a media briefing to announce the Equipment and Manufacturing West Africa (EMWA) 2021 exhibition, with the theme: ‘Industrialisation and Innovation: Revitalising the industrial Sector to Unlock Nigeria’s Potential,’ noted that the total volume of trade between Nigeria and Indonesia stands at $2 billion, and still growing.
Indonesian apparel & fabric exports expected to decline fibre2fashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fibre2fashion.com Daily Mail and Mail on Sunday newspapers.