President Recep Tayyip Erdogan of Türkiye says his nation targets a $5 billion commerce quantity with Nigeria.
The dedication was introduced on Tuesday in Ankara throughout a joint press briefing with Nigerian President Bola Tinubu, in response to an announcement issued by the Presidential Spokesperson, Mr Bayo Onanuga.
The declaration got here as a part of President Tinubu’s ongoing state go to to Türkiye, the place each leaders reviewed bilateral relations and outlined new areas of cooperation.
The Turkish president disclosed that discussions geared toward assembly the commerce goal had already begun and introduced the institution of a Joint Economic system and Commerce Committee to speed up funding enlargement and industrial cooperation between the 2 international locations.
What they’re saying
President Erdogan stated Nigeria and Türkiye had reviewed their bilateral relations throughout a number of sectors and agreed to deepen financial engagement.
“At present, we performed a complete evaluate of our relationships with the esteemed President and his delegation within the fields of commerce, investments, vitality, schooling and defence trade.”
“In as we speak’s conferences, our dedication is to the $5 billion commerce quantity goal, and we mentioned the steps wanted.”
“We imagine that the joint Economic system and Commerce Committee, which we agreed to ascertain as we speak, shall be instrumental on this regard,” Erdogan stated.
He added that Türkiye was inspired by Nigeria’s reform efforts and the robust political will demonstrated by the Nigerian delegation accompanying President Tinubu.
President Tinubu, in his remarks, thanked the Turkish authorities for its openness and willingness to deepen cooperation throughout strategic sectors.
He emphasised the necessity for partnerships that promote shared prosperity whereas addressing social and safety challenges.
“How can we construct an inclusive financial system collectively and guarantee susceptible persons are concerned in financial development?”
“We mentioned efforts towards terrorism and how one can defeat brokers of destabilisation.”
Tinubu additionally praised Erdogan’s position in selling international peace, highlighting Türkiye’s engagement in Somalia for example of constructive worldwide management.
Extra Insights
Erdogan recommended Nigeria’s current reforms within the vitality sector, describing them as crucial steps towards financial restructuring and long-term development.
- Erdogan expressed optimism that cooperation between the Turkish Petroleum Company and Nigerian companions would ship constructive outcomes.
- He pledged Türkiye’s help to Nigeria in combating terrorism, notably within the Sahel area.
- He stated Türkiye was prepared to share its expertise in navy coaching and intelligence cooperation.
- He famous that engagements with Turkish defence trade corporations have been anticipated to yield tangible outcomes.
Based on Erdogan, Türkiye stands able to help Nigeria not solely economically but in addition in addressing regional safety challenges.
What you must know
Nigeria and Türkiye exchanged 9 cooperation agreements masking key coverage and financial areas, together with diaspora cooperation, diplomatic coaching, schooling, defence, infrastructure, social inclusion, and social companies.
In Might 2025, the Authorities of the Republic of Turkey disclosed that three Turkish corporations have invested about $272 million throughout Nigerian states, amongst different investments by corporations of Turkish origin.
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