‘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

Final Declaration of the 32nd Abant International Forum “Freedom of Speech & Respect for the Sacred”

The 32nd Abant International Forum, in line with the recommendations of the 29th Forum with the theme “Africa: Between Experience and Inspiration” was convened in Addis Ababa, Ethiopia on 08-09 March 2014 to discuss the topic “Freedom of Speech and Respect for the Sacred”.

Koza Altın latest victim of government silencing political dissent

Gold mining company Koza Altın A.Ş., the owner of Bugün daily and Kanal Türk TV station, had its activities halted on Tuesday in Çukuralan goldfield, one of the company’s five major gold mines, in a move that has been perceived as the most recent example of the government’s exploitation of inspections and red tape to put pressure on those with critical views.

Serbia seeks agriculture investments from Turkey

GAMZE GÜL, İSTANBUL Serbian Deputy Prime Minister Rasim Ljajic visited TUSKON and attended the “Turkiye Serbia Trade and Investment Forum”. He said in his speech, “Businessmen from both Turkiye and Serbia have initiated talks on increasing economic relations between the two countries many times but that companies need to achieve results to bring business ties […]

Somalia agrees Turkey’s anti-Gülen crackdown, Kenya, Germany and Indonesia resist

In Kenya, where Gulen’s Omeriye Foundation has grown from its first school in 1998 in the vast Nairobi slum of Kibera to a nationwide network of academies, the government has resisted pressure to close them down. Turkish officials have requested Kenya to shut down the Gulenist schools on a number of occasions before the attempted coup.

Gov’t pressure to shut down Turkish schools sparks outcry

Prime Minister Recep Tayyip Erdoğan’s government’s attempts to shut down Turkish schools abroad that are affiliated with the Hizmet movement, which is inspired by the teachings of Islamic cleric Fethullah Gülen, have sparked an outcry among opposition figures and diplomats, who criticize the government for “abusing education because of personal hostility.”

Preparations for Turkish Olympiads begin in Morocco

Preparations for the 12 th International Turkish Olympiads have started in Morocco with rehearsals at a Turkish school established by the members of the Hizmet Movement, inspired by the Islamic scholar Fethullah Gülen.

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

Gulen Accuses Erdogan of ‘Hijacking’ Kosovo Deportees

Fethullah Gülen: Turkey coup may have been ‘staged’ by Erdoğan regime

Pakistan’s Senate body to summon officials over missing Turkish family

Exhibit lets Iraqi women tell stories of heartbreak and hope

What is wrong with the Western media?

Turkic American Alliance Condemns Government Takeover of Zaman

Police wait at hospital to detain cancer patient

Copyright 2026 Hizmet News