‘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

Erdogan: A saint elsewhere, outside Turkey’s shores?

On a recent trip to Spain, I picked a copy of the International New York Times, and saw a story that shocked me greatly. It said Mr Erdogan had ordered the release of 38,000 prisoners serving various jail terms, for different offences, in order to make space for the so-called coup plotters who had no space in Turkey’s overflowing prison. I was totally shocked by the news because I can’t imagine a situation where convicted criminals are being set free just so political opponents can be locked up.

Tanzanian Minister hails Turkey for continued support in education

Tanzania ISHIK Medical and Education Foundation managed to sponsor more than 200 students to study in Turkey universities in different fields.

Gülen says praying for kidnapped schoolgirls, Nigerian people

Turkish Islamic scholar Fethullah Gülen has said he is praying for kidnapped schoolgirls, their families and the Nigerian people, calling on the kidnappers to immediately free the girls.

Turkish School Officially Opens in Rwanda

FRANK KANYESIGYE Hope Kids Academy, an international Turkish school located in Kigali’s prime suburb of Nyarutarama, was on Friday evening officially opened. The school that admits children of four and five years of age offers Cambridge International Primary Programme (CIPP) and Cambridge ICT starters’ programme. The academy has both nursery and primary sections. The initial […]

TUSKON key in trade with Turkey, top Russian group says

The Turkish Confederation of Businessmen and Industrialists (TUSKON) plays a critical role in cementing investment and trade ties between Turkey and Russia and is a key partner for its Russian counterparts, the head of a top Moscow-based business group said on Wednesday.

Swinging between hope and despair – Opposing news from Yemen

Levent Koç* We are in an era where we are swinging between hope and despair. More things push us towards despair than what makes us hopeful. Recently, I read two news stories about Yemen; one hurt my hope, the other refreshed it. Yemen is a poor country, often mentioned in the world media because of […]

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

Fethullah Gülen grieving for Islamic world amid Eid al Fitr holiday

Fethullah Gülen says Turkey’s involvement in a war would bring mass destruction

In Georgia the Shahin Friendship School facing closure – Political influence?

A study tour of Turkey with Gulen movement

Panicky parents calmed over Feza Schools closure reports

Failing to arrest outspoken NBA star, Turkish gov’t detains father

Why is Erdoğan hostile to Turkish schools?

Copyright 2026 Hizmet News