Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Indonesia says ready to help Nigeria develop its palm oil industry amongst others

Tuesday, 06 June 2017 19:43

(Ecofin Agency) - Indonesia has said it is ready to help Nigeria develop its palm oil industry, according to Indonesian Foreign Affairs Minister, Retno Marsudi. She disclosed this during an official visit to her Nigerian counterpart, Geoffrey Onyeama, in Abuja on Monday.

During the meeting, the Asian minister said the Indonesian government has invited Nigeria to join the Council of Palm Oil Producing Countries established by the Southeast Asian country and Malaysia. “Close cooperation between palm oil producing countries will contribute to creating price stability and ensuring sustainable palm oil production. The focus of Indonesia’s foreign policy on Africa has offered a strategic momentum to enhance Indonesia’s economic cooperation with Nigeria”, she said.

Moreover, the two ministers also discussed ways to strengthen economic ties and combat transnational drug trafficking between the two countries.

In regards to palm oil, Indonesia is the largest producer and exporter of the commodity worldwide, with a production of 34 million tons in 2016, while exports stood at 27 million tons the same year. Also, Nigeria is Indonesia’s largest trading partner in Sub-Saharan Africa, with trade value reaching $1.5 billion in 2016.

Anita Fatunji

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.