‘Nigeria, Turkey trade volume hits N250bn in 4 years’


Date posted: June 9, 2014

NIGERIA

The volume of trade between Nigeria and Turkey increased by 95 percent within four years, a Turkish industrialist has said.

Speaking to some Nigerian journalists in Istanbul, the President of Confederation of Businessmen and Industrialists of Turkey, (TUSKON) Mr Rizanur Meral said in 2008 total trade volumes between the two countries was $802million but risen to about $1.5billion(N250 billion) in 2012.

Nigeria export to Turkey was $522m and imported goods worth $280 million from Turkey within the years, he said.

But he said Nigeria exports increased to $1.124 billion in 2012 and imported goods and services worth $439m in the same year.

He said the increase was due to awareness created by his association for the businessmen in the two countries through organizing seminars and business to business meetings.

He said within the period, goods such as leather, sesame seeds, furniture, aluminum, building materials, cocoa, rubber and oil and gas resources, fish, iron and steel, babies diapers, textile among others dominated the transaction.

According to him, if the 2013 trade volumes’ figures are released they will be more than the 2012’s.

Also speaking, the president of the Association of Businesspeople And Investors of Nigeria and Turkey (ABINAT) Yavuz Zemheri said the relationship is not only to import goods between the two countries but to exchange manpower and export businessmen and women for the two countries. Zemheri said ABINAT is working to establish businesses that would transfer technologies to Nigerian Small and Medium Enterprises in the areas of building materials, agriculture and household materials.

He said their intervention has facilitated business trips and meetings with an average of about 300 people annually in the last three years between the two countries.

Source: dailytrust , June 9, 2014


Related News

Turkish investors eye Kenyan school sector

Turkish investors have set their sights on the Kenyan education sector following the success story of a chain of schools in Nairobi and Mombasa. The businessmen now plan to establish one more school in Kisumu and a private university.

Turkey Coup: Fethulah Gulen Is Not A Terrorist

Fethulah Gulen did not fall from the sky or moon, he has a history that is in the public domain, the question is why did it take Erdogan too long to realize that Gulen is a terrorist? All through the years of robust relationship between Fethulah and Erdogan there was no accusation that Gulen was a terrorist, why now?

What I Saw In Turkey

Everywhere in Turkey, people are talking about the clampdown on the Turkish media. The situation is quite dire. At Samanyolu, a TV station, has 14 broadcast channels in Turkey, English, Arabic and Kurdish and dozens of radio stations and popular news portals. Foreign news chief, Adnan Tokkapi, said its general manager, Hidayet Karaca, has been held in prison without conviction since December 2014.

Turks seek asylum in South Africa

Turkish businessmen fleeing arrest in their country for links to an alleged terrorist organisation are trying to set up a new life and open companies in South Africa. Speaking on condition of anonymity to Weekend Argus, a few of the businessmen explained how the Turkish government seized their homes and businesses. The businessmen say some of their families are still at risk back home.

Turkish, Russian businessmen convene at forum

More than 100 Turkish and Russian entrepreneurs attended the event, which was supported by the Russian state bank Sberbank. Among those in attendance were Tula Regional Governor Vladimir Gruzdev, Russia-Turkey Businessmen’s Association (RUTİD) President Esat Sarı and Turkish Confederation of Businessmen and Industrialists’ (TUSKON) Russia envoy Ali Tırnav.

Turkish schools praised by Uganda’s education minister

Ugandan Education Minister Jessica Alupo commented on the success of Galaxy International Schools in Uganda during a recent trip to Turkey. Alupo stressed that the five Galaxy International Schools, which were opened by Turkish entrepreneurs and operate across Uganda with nearly 1,500 students, encourage pupils to grow as individuals.

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

Turkish inmate jailed over alleged Gülen links dies of heart attack in prison

Message of Condemnation and Condolences for Mass Shooting at Bondi Beach, Sydney

Media executive Hidayet Karaca marks 11th year in prison over alleged links to Gülen movement

ECtHR faults Turkey for convictions of 2,420 applicants over Gülen links in follow-up to 2023 judgment

New Book Exposes Erdoğan’s “Civil Death Project” Targeting the Hizmet Movement

European Human Rights Treaty Faces Legal And Political Tests

ECtHR rejects Turkey’s appeal, clearing path for retrials in Gülen-linked cases

Erdoğan’s Civil Death Project’ : The ‘politicide’ spanning more than a decade

In Case You Missed It

Nubuwwat symposium starts with rejection of suicide bombing, terrorism

Erdogan’s Muslim spies: Turkish imams snooping on Merkel’s Germany for President

The demise of Turkish democracy

Kimse Yok Mu extends help to Afghan quake victims

Bulgarian student wins Turkish Olympiad song contest final

Book Review: A Hizmet Approach to Rooting out Violent Extremism

Liberals silent as Turkey targets its own Khashoggi

Copyright 2026 Hizmet News