The bilateral trade volume between Nigeria and European country, Turkey, has recorded an increase over the previous year figure. According to the Turkish Ambassador to Nigeria, Hakan Cakil, the trade volume between the two nations reached $2.5 billion from $1.3 billion recorded in 2013.
The Turkish Ambassador made this known at a forum organised by the Abuja Chamber of Commerce and Industry (ABUCCIMA) in Abuja.
Cakil stated that Turkey was looking to leverage more on the strong ties with Nigeria and expand investment into energy, agriculture, construction to boost the existing partnership.
Cakil said, “We have strong relationship with Nigeria; we have economic ties in commercial field. We shall do our best to enhance the business opportunity in Nigeria. We are looking at the different sectors of the economy for investment. The area include energy, agriculture, construction. We have to let the businessmen meet to interact and share ideas.”
He further stated that: “We (Turkey) have to find business opportunities in the two countries. Total trade volume between the two countries as at December 2014 was 2.5 billion dollar; the bilateral trade relationship is in favour of Nigeria because we are importing crude oil and other mining products.”
“Nigeria is the leading or number one business partner of Turkey in the Sub-Saharan Africa. And Nigeria has created business environment that encourages Turkey businesses to grow in the country,” he added.
While speaking at the forum, the Permanent Secretary of the Ministry of Federal Capital Territory (FCT), Mr. John Chukwu, stated that Nigeria and Turkey can improve the existing bilateral relations “by encouraging the adoption of comparative advantage and technical know-how in showcasing economic strength and identification of areas of collaboration for improved trade relationship.”