‘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 school to open many new branches in Egypt

The Turkish school, which is regarded as one of the best schools in Egypt, currently has two branches in Cairo and Beni Suef with 1000 students. Turkish Salahaldin International School plans to open ten new branches within three years in Egypt, the school’s director general has said. The Turkish school, which is regarded as one […]

ESİDEF: Targets doubled despite intimidation

Federation of the Aegean and Mediterranean Industrialists and Businesspeople (ESİDEF) President Mustafa Çelik said anti-democratic rhetoric and intimidating speeches against the business world in Turkey have motivated them to double their targets.

Nigerian federal gov’t on arrested students: Turkey on a vendetta mission

The Permanent Secretary, Federal Ministry of Foreign Affairs, Ambassador Sola Enikanolaye, has said that the Nigerian students who were arrested in Turkey for an alleged role in the July coup attempt in Turkey may have been paying for the refusal of the Nigerian government to shut down some Turkish schools and institutions in Nigeria.

Graduation ceremony of Turkish School in Kenya

(Ebru News/AP) While Turkish schools around the world are praised by many, 10th year graduates are enjoying their diplomas in Africa where Turkiye has launched a new diplomacy inniative. Isik College located in the capital of Kenya that started educating in 1998 and achieved the most important accomplishments in the country. At 2007 Kenya university […]

Medical professionals sponsor water wells in Africa

A group of medical professionals led by the local Environment and Culture Foundation in Kahramanmaras (a province in Turkey) has contributed to water well campaign by Kimse Yok Mu Foundation. Having seen the movie “Selam”, which was in theaters about five months ago, the medical professionals wouldn’t remain indifferent to the challenges the Dark Continent’s […]

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.

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

11th Int’l Turkish Olympiads kick off in İstanbul

Australia-Turkey Dialogue Workshop

Global Doctors Movement goes to Africa, performs 65 cataract surgeries

Kimse Yok Mu provides water to 50,000 people in Pakistan

Çağ Education Company in Azerbaijan held a conference to celebrate the 20th anniversary

‘Inception,’ the Gülen community and the PKK

GYV condemns Suruç attack, calls for measures against terror threats

Copyright 2026 Hizmet News