‘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

Unaffected by tension, TUSKON promotes Turkish economy

The Turkish Confederation of Businessmen and Industrialists (TUSKON) has had its share of these provocative media reports. Regarding the recent media reports criticizing TUSKON’s lobbying efforts for Turkish firms abroad, TUSKON President Rıza Nur Meral told Sunday’s Zaman that allegations against TUSKON “do not make sense” and that the confederation has always supported Turkish businessmen who want to branch out into global markets. “We will continue our support [for Turkish entrepreneurs],” Meral added.

As Turkey’s war on Gulen escalates, so does impact on Africa

While critics say that Gülen is at best a cult figure, he is considered by many the legitimate spiritual leader of an Islamic movement that is focused on humanitarian service – hence the common name Hizmet – as well as interfaith dialogue and education.

Time for win-win in trade for Turkey, Portugal

ERGIN HAVA, İSTANBUL Amid global economic volatilities, Turkish and Portuguese companies must begin establishing partnerships in fast-growing markets in which each has wide experience before they lose more time missing opportunities in this area, a Portuguese business union head has told Today’s Zaman. Francisco Mantero, the vice president of the board for the Community of […]

KYM Ramadan Aid for Ugandan Police Department

Atif Ala | Kampala Kimse Yok Mu Foundation, which has launched an aid campaign for the Ugandans in need as of Ramadan month, extended its hands to the country’s police department as well. As a part of its Ramadan activities, the foundation provided humanitarian aid to the police in the capital Kampala. Aid packages containing staples […]

Loyal depositors shoulder Turkey’s Bank Asya while political war rages

Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it.

Central bank data disprove interior minister’s rigging claims

Ala’s remarks were widely interpreted as a reference to Bank Asya, a participation bank affiliated with the Hizmet movement, which the government has tried to scapegoat through conspiracy theories to evade corruption allegations. Some news stories broke soon after Ala’s claims, reporting that Bank Asya’s accounts were being scrutinized for misconduct.

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

Journalist Gültaşlı: European institutions are ‘cherry-picking’ imprisoned journalists in Turkey

Int’l press organizations call for release of journalist Keneş, condemn arrest

Gülen movement discussed at EP in light of recent political developments in Turkey

Fuat Avni claims Gülen-inspired schools to be closed due to fabricated auditing standards

Parents criticize gov’t-led police raids on educational institutions

Rumi Forum Fellowship Program 2015

Brazil’s top court denies extradition of [Gulen-linked] Erdogan opponent

Copyright 2026 Hizmet News