Nigeria, Turkey trade volume reaches $ 1.3bn

The Deputy National President, Nigerian Association of Chambers of Commerce, Mines, Industry and Agriculture, Dahiru Mohammed, has disclosed that the volume of trade between Nigeria and Turkey has risen to $1.3bn annually at the second edition of the Nigeria-Turkey Business Summit, which opened on Thursday in Istanbul, Turkey.

The summit which has been attended by more than 100 industrialists from Nigeria, would be expected to maintain more business opportunities between the two countries.

Mohammed said that Nigeria was one of Turkey’s biggest partners in Africa and second among sub-Saharan countries and also 47th largest supplier of imported goods to Turkey going by the 2012 records.

He added that with enhanced business transactions between both countries, the trade volume could further increase before the end of this year, and urged the Turkish businessmen to take advantage of Nigeria’s population and invest heavily in the country.

Mohammed also added, “Nigeria, with a population of over 160 million people and a large market in Africa, possesses enough potential for profitability of foreign investment”, and listed various sectors like manufacturing, agriculture, oil and gas, solid minerals, tourism, power and telecommunication and Information and Communication Technology that could be explored by the Turkish businessmen.

The Speaker of the Bauch State of Assembly, Alhaji Yahaya Miya, on behalf of the Bauchi business delegation, urged Turkish businessmen to take advantage of the tourism potential in the state. He recommended that they invest in the Yankari Game Reserve, which he described as the largest eco-tourism park in West Africa.

Miya also urged that, if permitted to do so, the state was also ready to host the next edition of the summit.

 

 

Image: Copyright (c) 123RF Stock Photos