‘Nigeria, Turkey trade volume hits N250bn in 4 years’


Date posted: June 9, 2014

NIGERIA

The volume of trade between Nigeria and Turkey increased by 95 percent within four years, a Turkish industrialist has said.

Speaking to some Nigerian journalists in Istanbul, the President of Confederation of Businessmen and Industrialists of Turkey, (TUSKON) Mr Rizanur Meral said in 2008 total trade volumes between the two countries was $802million but risen to about $1.5billion(N250 billion) in 2012.

Nigeria export to Turkey was $522m and imported goods worth $280 million from Turkey within the years, he said.

But he said Nigeria exports increased to $1.124 billion in 2012 and imported goods and services worth $439m in the same year.

He said the increase was due to awareness created by his association for the businessmen in the two countries through organizing seminars and business to business meetings.

He said within the period, goods such as leather, sesame seeds, furniture, aluminum, building materials, cocoa, rubber and oil and gas resources, fish, iron and steel, babies diapers, textile among others dominated the transaction.

According to him, if the 2013 trade volumes’ figures are released they will be more than the 2012’s.

Also speaking, the president of the Association of Businesspeople And Investors of Nigeria and Turkey (ABINAT) Yavuz Zemheri said the relationship is not only to import goods between the two countries but to exchange manpower and export businessmen and women for the two countries. Zemheri said ABINAT is working to establish businesses that would transfer technologies to Nigerian Small and Medium Enterprises in the areas of building materials, agriculture and household materials.

He said their intervention has facilitated business trips and meetings with an average of about 300 people annually in the last three years between the two countries.

Source: dailytrust , June 9, 2014


Related News

Gulen named author of the month in Casablanca

The Moroccan capital city Rabat-based Elfiye Publishing, the largest publishing company in the nation, named Gulen the author of the month.

Erdogan targets Hizmet inspired schools on Africa visit

Turkey’s involvement in Africa feeds into the Turkish ruling party’s “self-perception as the protector of Muslims and Muslim minorities around the world.” There is also the understanding that the existing Gulenist networks in the West are harder to take on because of Turkey’s capability limitations in the West, especially when it comes to influence and imagery problems.

As Turkey’s war on Gulen escalates, so does impact on Africa

While critics say that Gülen is at best a cult figure, he is considered by many the legitimate spiritual leader of an Islamic movement that is focused on humanitarian service – hence the common name Hizmet – as well as interfaith dialogue and education.

Associations, NGOs, banks launch aid campaigns for Soma victims

Many business associations, private banks, NGOs and football clubs have launched aid campaigns for families of the victims of the coal mining incident in Soma, where an explosion and fire killed at least 283 mineworkers.

UN praises Kimse Yok Mu for aid efforts in Somalia

Director of the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) John Ging said in an interview on Thursday that Kimse Yok Mu and other Turkish NGOs’ aid efforts in Somalia should be praised.

İpek Holding chairman denies reports about alleged mansion for Gülen

İpek said the dailies had reported baseless news using imaginary scenarios as though they were facts. İpek said the mansion had recently been renovated as his mother will move in

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Judiciary acts in line with legally unfounded police report to describe Hizmet as terrorist

Turkish Cultural Center Brooklyn Honors Borough’s Elected Officials

Toward the ‘Mubarak model’

International community’s Erdoğan problem

From political Islam to Islamic terrorism: Is there a way out?

Turkey’s Gulen supporters flee to Greece – BBC World

Fethullah Gulen’s Message on the Anniversary of the Coup Attempt in Turkey

Copyright 2024 Insightful Neighbor