Global Business Today
Türkiye Targets $5bn Trade Volume With Nigeria During Tinubu Visit
Türkiye has set a target of achieving a $5 billion trade volume with Nigeria as both countries move to deepen bilateral economic relations across multiple sectors.
The commitment was announced in Ankara during high-level engagements between Turkish President Recep Tayyip Erdogan and Nigerian President Bola Tinubu, where both leaders reviewed existing partnerships and outlined new areas of cooperation.
As part of efforts to accelerate commercial engagement, Türkiye disclosed plans to establish a Joint Economy and Trade Committee aimed at expanding investment flows and strengthening trade ties between the two countries.
President Erdogan said discussions with the Nigerian delegation covered trade, investments, energy, education, and defence cooperation. He expressed confidence that the proposed committee would play a key role in achieving the trade target and unlocking new opportunities for businesses on both sides.
President Tinubu welcomed Türkiye’s openness to deeper collaboration and emphasised the importance of partnerships that promote shared prosperity while addressing broader social and security challenges. He also highlighted Nigeria’s ongoing reforms, particularly in the energy sector, as critical to long-term economic restructuring.
Turkish officials expressed optimism about cooperation in petroleum development, defence manufacturing, and intelligence sharing, while also pledging continued support for Nigeria’s efforts to address regional security concerns. Both leaders agreed that strengthened economic ties would serve as a foundation for broader diplomatic and strategic engagement between Nigeria and Türkiye.
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