‘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

Yobe, Turkish Institutions Team Up To Boost Education

The Yobe State Government will scale up its educational partnership with the Nigeria-Turkish International Colleges (NTIC) and the Nigeria-Turkish Nile University (NTNU) in order to offer more opportunities to Yobe students.

Kimse Yok Mu to launch 1000 “field schools” project in Africa

International aid organization Kimse Yok Mu is launching a new project to help improve education in Africa – KYM Field Schools. The project is about the foundation of 1000 schools for primary education of African children and submission of schools to local authorities.

Ethiopian and Turkish Business Tycoons Met

Ethiopian and Turkish business tycoons met here in Ethiopia at the Ethiopian Chambers of Commerce and Sectoral Associations’ office for the purpose of surfing business opportunities in the two countries.

Great interest shown in Turkish school in Egypt

CUMALİ ÖNAL , CAİRO The Salahaldin International School (SIS) in Egypt, one of many schools sponsored by Turkish entrepreneurs throughout the world, has kicked off the new school year with 600 students, which is an astonishing success for the newly opened school. Speaking to Today’s Zaman, the director of SIS, Şevket Şimşek, underlined that the […]

Gülen: Democracy dealt yet another blow in Egypt

Well-respected Islamic scholar Fethullah Gülen has said democracy was once again dealt a blow in Egypt as he commented on the ouster of Mohammed Morsi in a military coup last week. Gülen also warned that some circles would be making plans to see what happened in Egypt happen in other countries too.

Before Oprah: Scholar’s Philanthropic Work Has Huge Impact on Africa

Dr. Lachin Hatemi Centuries of colonization, slavery and diseases ravaged the sub-Saharan Africa. The entire continent was left with a desperate need for an educated and skilled workforce, which can transform the economy and improve the daily lives of Africans. Education is the key to such a transformation and ending poverty in Africa. What are […]

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

Government as a black propaganda machine

Gülen-linked gold firm’s operations halted for second time in two months

An Armenian lady, Hrant and April 24

Kimse Yok Mu repeatedly prevented from offering aid in Palestine

New Book – Hizmet Means Service

Did PKK change its view of religious movements?

Kimse Yok Mu to stop beggary in Sakarya, Turkey

Copyright 2026 Hizmet News