Nigeria, Indonesia plan direct oil deals to boost jobs, investment

Nigeria and Indonesia are exploring direct government-to-government oil and gas partnerships that could attract billions of dollars in investment, create jobs and facilitate technology transfer, according to the President of the Nigerian-Indonesian Chamber of Commerce and Industry, Ishmael Balogun. The shift from third-party transactions to direct government-to-government arrangements could unlock investment opportunities in oil exploration and other sectors, generating wider economic benefits for Nigeria beyond the revenue derived from conventional trade.

More than 25 Indonesian government representatives had visited Nigeria less than a month before the interview to explore opportunities for closer cooperation in the energy sector.

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