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China, Indonesia enhance ties with key deals on lithium, green energy, tourism

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BEIJING (Reuters) -China and Indonesia have agreed to strengthen cooperation in key sectors, including lithium, new energy vehicles, green energy and tourism, according to a joint statement released on Saturday.

The statement followed a meeting between Chinese President Xi Jinping and Indonesian President Prabowo Subianto, who is visiting China through November 10, the first country he has visited since taking office last month.

Prabowo, who won Indonesia’s presidential election in February, also chose China as the first country to visit as president elect, underscoring Jakarta’s commitment to strengthening its strategic ties with Beijing.

“China and Indonesia will work together to cultivate new drivers of global development, exploring cooperation potential in areas such as new energy vehicles, lithium batteries, and photovoltaics, while seizing opportunities in digital economy and green development sectors,” the statement said.

Both nations will strengthen the global energy transition partnership and jointly ensure the security of global mineral supply and industrial chains, it added.

On Sunday, Chinese battery materials producer GEM signed a deal with PT Vale Indonesia to build a high-pressure acid leaching plant in Central Sulawesi, to secure nickel resources, a Shenzhen filing showed. Prabowo witnessed the signing.

The nickel industry in Indonesia, the world’s largest producer of the metal, is dominated by Chinese companies like Tsingshan Holding Group and Zhejiang Huayou Cobalt.

In efforts to revive and surpass pre-pandemic tourism levels, the two countries will introduce new visa measures, including multi-entry long-term visas, and encourage more direct flights and destinations based on demand.

During Prabowo’s visit, both sides signed several cooperation deals, including in housing and the export of fresh coconuts from Indonesia to China.

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House Approves 2025-2027 MTEF

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House Approves 2025-2027 MTEF
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The House of Representatives has passed the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2025 to 2027 as submitted by President Bola Tinubu.

This followed the consideration and approval of the recommendations of the Joint Committee on Finance and National Planning which laid its report at Wednesday’s plenary.

The House adopted the projected oil benchmark prices pegged at 75 dollars per barrel for 2025, as well as 76.2 dollars and 75.3 dollars per barrel for 2026 and 2027.

Domestic Crude Oil Production Projections for 2025 is put at 2.06 million barrels per day representing a significant increase from 1.78 million barrels per day in the current year.

GDP growth rate is projected at 4.6, 4.4 and 5.5 percent for 2025 to 2027, respectively, while the projected exchange rate is pegged at 1,400 Naira to the US Dollar for years 2025, 2026 and 2027

The MTEF projections aim towards a realistic and sustainable foundation for Nigeria’s budget planning over the next three years.

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President Bola Tinubu has departed Abuja for Paris on a state visit in honour of an invitation from President Emmanuel Macron.

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President Bola Tinubu has departed Abuja for Paris on a state visit in honour of an invitation from President Emmanuel Macron.
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The president is on the trip alongside first lady, Oluremi.

They were seen off by top government functionaries led by secretary to the government of the federation, George Akume, chief of staff, Femi Gbajabiamila.

The presidential zero-one-one air plane took off at about twenty minutes past eleven this Wednesday morning.

A statement by the presidential adviser on information and strategy, Bayo Onanuga reveals that, the Nigerian leader’s three-day visit, which will focus on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, promises significant benefits for Nigeria.

President Tinubu and his wife, are expected to be received on Thursday at the French military museum, Les Invalides and Palais de l’Élysée, by the host president, Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.

The two presidents are also to harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.

Both leaders will witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.

Wife of the host president, Brigitte and Nigeria’s First Lady are also scheduled to discuss the Renewed Hope Initiative and the interest for empowering women, children, and the most vulnerable in Nigeria.

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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS

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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS
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PRESIDENT BOLA TINUBU APPOINTS JAMI’U ABIOLA AS SSA ON LINGUISTICS & FOREIGN MATTERS

President Bola Ahmed Tinubu has approved the appointment of Jami’u Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters.

A statement by Segun Imohiosen, Director, Information & Public Relations Office the
Secretary to the Government of
the Federation says the appointment takes effect from 14th of this month. It adds that the appointment is in line with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended.

It notes that until the appointment, Jami’u served as the Special Assistant to the President on Special Duties in the Office of the Vice President.

President Tinubu tasks the appointee to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new assignment.

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