‘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

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 […]

TUSKON challenges Erdoğan to enter business, defies threats

In the strongest civil society reaction yet to Prime Minister Recep Tayyip Erdoğan’s month-long offensive tone and threats against Turkey’s largest Islamic group, the Hizmet movement, a leading business confederation affiliated with Hizmet on Saturday called on Erdoğan to quit politics and join the business world to make money.

Turkish-Indian Chambers of Commerce and Industry (TICCI) launched to promote trade

New Delhi: In a bid to give new fillip to trade between India and Turkey, a new chamber for commerce named as the Turkish Indian-Chambers of Commerce and Industry (TICCI) was launched at a well-attended ceremony of business leaders and industrialists here on Tuesday evening. It aims to promote commercial and trade links between both the countries by creating more networking and collaboration opportunities.

UN praises Kimse Yok Mu for aid efforts in Somalia

Director of the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) John Ging said in an interview on Thursday that Kimse Yok Mu and other Turkish NGOs’ aid efforts in Somalia should be praised.

Standing by the Education Rights of Schoolgirls

Influential Muslim preacher Fethullah Gulen, who is considered by TIME magazine as “the most potent advocate of moderation in the Muslim world,” has strongly condemned the kidnappings in Nigeria as well as other such violent acts. In an interview he said that denying girls access to education simply goes against the spirit of the Muslim religious tradition and that women should be able to take on every role in our society, including those of physicians, military officers, judges and head of state.

Kimse Yok Mu providing assistance to Ebola victims in Guinea

Turkish aid organization Kimse Yok Mu has been supplying medical aid to Guinea since March, when the lethal Ebola virus struck the West African country, claiming 122 lives to date.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Norway reports 409 Turkish asylum seekers in past 18 months

Jews, Muslims Bond Over Shared Values

Opposing the majority

The system is the root cause of corruption

Detainees ‘beaten, sexually abused and threatened with rape’ after Turkey coup, Human Rights Watch claims

Diplomatic solution: Pak-Turk schools may not be shut down after all

‘Hizmet is a social movement worldwide, that has a heart, and it’s always from the heart.’

Copyright 2024 Hizmet News