‘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

NTIC Foundation: Touching lives in Nigeria

Foreign capital typically finds its place among the most promising market indicators, as transnational investors constantly seek maximum returns on their investments. But for the First Surat Group Company, it is obviously not all about the bottom line.

Samples of Kimse Yok Mu Ramadan Aid Activities Worldwide (II)

Kimse Yok Mu (KYM), set to reach out to 103 countries as a part of its Ramadan campaign, continues to deliver aid worldwide. The countries it delivers aid includes Burkina Faso, Yemen, Venezuela and Niger.

Egyptian Congressmen Visited the Turkish School in Cairo

About 40 congressmen of Egypt Parliament visited the Salahaldin International Turkish School in Cairo. They had dinner at Turkish School with their families before their upcoming trip to Turkey. Turkish ambassador to Egypt Huseyin Avni Botsali hosted the dinner. Students of Turkish school sang songs in Arabic and in English after the dinner. Botsali mentioned […]

Conference endorses Gülen’s ideas as guides for Nigerian education system

In his message Gülen thanked the Nigerian authorities for having welcomed Turkish schools and teachers to their country, which “has a crucial role in Africa with its great population and strategic geographic position, [and is] a country that has enormous potential to be an exemplary land with its rich ethnic, cultural and religious mosaic.”

TUSKON offers Brazilian investors cooperation in tourism

Turkish Confederation of Businessmen and Industrialists (TUSKON) President Rızanur Meral on Thursday called on investors from Brazil to enhance cooperation with their Turkish counterparts in tourism projects. Meral met Brazilian Foreign Minister Antonio Patriota in a meeting in İstanbul on Thursday where commercial ties between the two countries were discussed. A total of 30 TUSKON member investors participated in the meeting.

South Africa welcomes International Festival of Language

The globally acclaimed International Festival of Language and Culture (IFLC) is dedicated to cultivating and educating the youth, creating a platform to share their cultural heritage with their peers around the world and to witness exceptional performances by students of diverse nationalities.

Latest News

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

Fethullah Gülen’s Vision and the Purpose of Hizmet

In Case You Missed It

Kimse Yok Mu working to resolve water problem in Africa

Why didn’t Chuck Hagel visit Turkey?

“Hizmet” movement, the current tensions and self-criticism (Interview with Ihsan Yilmaz)

Inmates claim torture in Turkish prison

Turkish Cultural Center to hold ‘Henna Night’ fundraiser for water well construction in Africa

A rising profile for Turkish Cultural Center Vermont

Fountain Magazine announces essay contest winners

Copyright 2026 Hizmet News