Nigeria-Turkey trade to grow by $5 billion-Turkish President

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joseph sunday

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Based on the recent of the Turkish president in Nigeria; President Recep Tayyip Erdogan has announced that it will increase the volume of trade between Nigeria and Turkey by $ 5 billion in order to strengthen socio-economic ties between the two countries.

Erdogan announced this on Wednesday during a press conference after a bilateral meeting with President Muhammadu Buhari at the State House in Abuja.

He said Turkey is ready to cooperate with Nigeria on security issues and was also optimistic about the growth of Nigerian-Turkey relations.

This is what President Erdogan said;

“We hope and pray that we will be expanding our trade volume up to 5 billion dollars immediately.


“We hope and pray that the relations between the two nations would be further developed on the basis of a win-win situation and on the basis of mutual respect.

“As Turkey, we have been closely monitoring the development in Nigeria in our brotherly and friendly nation.

“The terrorist organizations, the armed gangs, and the marine vendors are continuously active in Nigeria and the Nigerian authorities are continuously fighting them.

“In other to cooperate further in the field of military operations, defense, and security, we are doing everything that will be available.

“We are ready to share our capabilities, even extending capacities as Turkey with Nigeria especially in the field of the defense industry and security which are being praised by the globe.”

He hoped that Turkey's sensitivity in the fight against terrorism would be shared by Nigeria and other countries.

“The perpetrators of the heinous failed coup on July 15, FETO, are still very active in Nigeria. And we continuously share our information with the interlocutor and the Nigerian authorities, ”he said.

President Buhari praised the Turkish President for opening his country's borders to accommodate millions of refugees from Iraq, Syria, and Afghanistan in urgent need of humanitarian aid.

The Nigerian President described the two-day visit by President Erdogan and First Lady Emine Erdogan as a reflection of the "strong, cordial and cordial bilateral relations between Nigeria and Turkey".

“The key issues we touched on included a Series of Bilateral Agreements and Memoranda of Understanding that had been finalized.


“As a positive outcome, eight major Agreements/MoUs on a number of the key sectors including Energy, Defense Industry, Mining and HydroCarbons among others were signed today. We have agreed that implementation is to commence immediately.

“In the course of our discussions, we also reviewed the travel ban list based on the revised COVID-19 protocols and removed Turkey from Nigeria’s Travel Ban List. Turkey has indeed achieved remarkable success in addressing the COVID-19 pandemic,” Buhari said.



Buhari added that Nigeria and Turkey had very useful discussions on a number of bilateral issues aimed at strengthening these warm ties between the two countries.