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Trade volume between Nigeria, Turkey hits $1.3bn – NACCIMA

The volume of trade between Nigeria and Turkey has risen to more than one billion dollars annually, an official of NACCIMA has said.

Malam Dahiru Mohammed, Deputy National President of the chamber, disclosed this at the second edition of the Nigeria-Turkey Business Summit which opened on Thursday in Istanbul, Turkey.

The summit, being attended by more than 100 businessmen and industrialists from Nigeria, would afford the two countries more business opportunities.

Mohammed said that with enhanced business transactions between both countries, the trade volume could go up before the end of this year. He said that Nigeria was one of Turkish biggest business partners in Africa and second among the sub-saharan countries.

According to him, Nigeria is also the 47th largest supplier of imported goods to Turkey going by the 2012 records. Mohammed, who represented the National President of the chamber, Dr Ademola Ajayi, urged the Turkish businessmen to take advantage of Nigeria’s population and invest heavily in the country. “Nigeria with a population of over 160 million people and a large market in Africa possesses enough potential for profitability of foreign investment.

“Enormous investment opportunities exist in virtually all sectors of the Nigerian economy, he sa1d. He listed agriculture, manufacturing, solid minerals, construction, oil and gas, tourism, power and telecommunication as well as ICT as some of the sectors that could be explored by the Turkish businessmen. The NACCIMA official urged the summit to enhance trade flow between the two countries and eliminate the challenges to smooth flow of trade between the countries.


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