Opinion - Governor Mbah's investment trip to Jakarta, Indonesia is a step in the right direction and holds many economic promises for Enugu State, writes Uche Anichukwu
Governor Mbah's investment trip to Jakarta, Indonesia is a step in the right direction and holds many economic promises for Enugu State, writes Uche Anichukwu
But is Indonesia a worthy direction to look in search of economic cooperation and FDI? Yes. In 1967, Indonesian GDP stood at $5.67 Billion, while that of Nigeria was $5.20 Billion in 1967 and $6.37 Billion in 1966. Fast-forward to 2022, Nigeria's GDP stood at $477.39 Billion, while that of Indonesia stood at $1.319.10 Billion , driven by the production sector that sees the southeast Asian nation export machinery, steel, textile, footwear, among others.
Delivering the keynote address at the gathering, he said:"In the area of Agriculture, Enugu is blessed with 100 per cent arable, fertile land with a high factor of productivity and good access to both surface and subterranean water that makes all year-round agriculture possible. "Other minerals within the state include Coal, gold, kaolin, gypsum, clay and limestone, among others. This makes Enugu ideal not only for mining, but also for the siting of key industries".
"In 2022, the trade volume between Indonesia and Nigeria reached USD 4.7 billion, with the majority of Indonesia import in oil and gas. However, the untapped potential for trade and investment in other sectors are massive and open for future development as long as we all have the commitment to our mutual benefit.
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