‘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

Love and Tolerance Conference, Abuja

Conference of Love and Tolerance: Two Dynamics for Personal and Social Reformis organized by Ufuk Dialogue Foundation, Ministry of Foreign Affairs Institute of Peace and Conflict Resolution and Fountain Magazine. The conference took place on 21th of January 2015 at Institute of Peace and Conflict Resolution Conference Hall.

TUSKON’s Meral tells Turkish firms in Germany to open to world

Turkish-owned businesses in Germany should exert more effort to branch out into different world markets, a top Turkish union told entrepreneurs in Frankfurt on Thursday.

Turkish Schools In Somalia

The Bedir Turkish High School in Mogadishu, Kıblenuma Elementary School, Kıblenuma Girl’s School and Somaliland VifakTurkish School in thecountry offer modern vocational trainingf or Somali children as well as winning medals in international contests, leading to increased hopes for a better future in thecountry.

Van NGOs: Calling Hizmet movement ‘virus’ and ‘hashhashin’ unnaceptable

Non-governmental organizations (NGOs) active in the eastern province of Van said in a press conference that the tension experienced in Turkey recently has ruined the country and that any remarks or behavior against the Hizmet movement will not be tolerated.

Turkey Now Back in Africa with Turkish Schools

In parallel to a focus on Africa initiatives in Turkish foreign policy, there has been a visible increase in the interest toward Turkey throughout Africa as well. Strengthening partnerships and relations founded on the shared past has been welcomed by academics, experts, politicians and the media. Consequently, such an interest has encouraged a rise in […]

Two days in Kenya with Kimse Yok Mu

KYM Secretary General Savas Metin said this campus will function as a base in Malindi for the aid efforts to be done in the region. “We have brought drinking water for 1 million people, with the water wells we established in the drought-ridden Somalia, Ethiopia, Uganda and Kenya. We will not only educate underprivileged students at Light Academy but provide medical aid.”

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

SEO Skill Suite: Tools for Keyword Research, Technical & Backlink Analysis

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

In Case You Missed It

Hypocrisy in languages: criticizing Fethullah Gülen, English or Turkish?

Why did Fethullah Gülen visit John Paul II?

Gulen-linked org’s statement on Turkish Govt’s arrest of pro-Kurdish Parliamentarians

Turkish prosecutor says Gülen movement founded by CIA!

Forum on the Future of Islam – Is Islamism(s) Prone to Produce Extremism?

Symposium concludes: Hizmet movement contributes to world peace

Who speaks for Islam in Turkey?

Copyright 2026 Hizmet News