NEWS UPDATE: NIGERIA, TURKEY SET $5 BILLION TRADE TARGET

NIGERIA, TURKEY SET $5 BILLION TRADE TARGET AS TINUBU, ERDOGAN PLEDGE STRONGER COOPERATION


During a historic State Visit to Ankara on Tuesday, President Bola Ahmed Tinubu of Nigeria and President Recep Tayyip Erdogan of Türkiye announced plans to raise bilateral trade between the two countries to $5 billion, up from the current $2 billion. Discussions to achieve this ambitious target have already commenced.

Speaking at a joint press briefing, President Erdogan highlighted the enormous potential for expanding Turkish investments in Nigeria. He said the newly established Joint Economy and Trade Committee would play a key role in facilitating this growth.

“Today, we conducted a comprehensive review of our relations in trade, investment, energy, education, and defence. Our commitment is clear: to reach the $5 billion trade target. We also discussed opportunities to support Turkish investments in Nigeria,” President Erdogan said.

Türkiye currently exports planes, helicopters, machinery, iron, steel, and chemical products to Nigeria, while Nigeria exports crude oil and agricultural products to Türkiye.

President Erdogan praised President Tinubu’s efforts to restructure Nigeria’s economy through the energy sector and pledged support in Nigeria’s fight against terrorism, drawing on Türkiye’s own experience combating insurgency.

“Terrorist organisations, particularly in Africa's Sahel region, pose a threat to the peace of the entire continent. We stand by Nigeria under President Tinubu’s leadership. We are ready to share our country’s experience in military training, intelligence, and counter-terrorism operations,” Erdogan said.

President Tinubu expressed gratitude to Türkiye for its commitment to global peace, stability, and prosperity. He emphasized inclusive economic growth that benefits vulnerable populations and highlighted Nigeria’s role in promoting peace across Africa despite regional security challenges.

“We discussed efforts to defeat agents of destabilization and advance peace in Africa. Cooperation with Türkiye will further strengthen these initiatives,” Tinubu said.

At the end of the visit, officials from both nations signed nine agreements spanning defence, trade, education, media, diaspora policy, halal quality infrastructure, and social development—solidifying a framework for deeper collaboration.

The agreements include:

Cooperation in Diaspora Policy

Defence Cooperation

Establishment of the Economy and Trade Joint Committee

Halal Quality Infrastructure

Higher Education Cooperation

Media and Communication Cooperation

Education Cooperation

Cooperation Between Diplomatic Academies

Cooperation in Social Services and Women’s Affairs

The visit marks a significant milestone in Nigeria-Turkey relations, setting the stage for stronger economic ties, enhanced security cooperation, and shared prosperity between the two nations.

Comments

Post a Comment

Popular posts from this blog

JUST IN: ONDO GOVT ORDERS TEMPORARY CLOSURE OF SELECTED SCHOOLS AHEAD OF STATE ASSEMBLY ELECTION

Image
ONDO GOVT ORDERS TEMPORARY CLOSURE OF SELECTED SCHOOLS AHEAD OF STATE ASSEMBLY ELECTION The Ondo State Ministry of Education, Science and Technology has announced the temporary closure of selected public primary and secondary schools across the state ahead of the Ondo State House of Assembly election scheduled for Wednesday, May 20, 2026. According to a statement issued by the Permanent Secretary of the Ministry, the affected schools are those designated as polling centres for the election across the 18 Local Government Areas of the state. The Ministry directed learners, teachers, and other staff members in the affected schools to remain at home on election day as part of measures to ensure the safety of lives and property and to support a peaceful and orderly electoral process. The statement noted that heads of the affected schools would be contacted directly to ensure full compliance with the directive, while officials from Zonal and Area Education Offices would also monitor and supp...
Read more

JUST IN: APC ONDO APPOINTS OLAWALE IJANUSI AS SPECIAL ASSISTANT ON NEW MEDIA

Image
APC ONDO APPOINTS OLAWALE IJANUSI AS SPECIAL ASSISTANT ON NEW MEDIA The All Progressives Congress (APC) in Ondo State has announced the appointment of Mr. Olawale Sunday Ijanusi as Special Assistant on New Media to the State Chairman, in a move aimed at strengthening the party’s communication structure. The appointment, which was conveyed in an official letter dated April 21, 2026, and signed by the APC Ondo State Secretary, Alex Kalejaye, forms part of an ongoing reorganization within the party’s secretariat to enhance effective service delivery. According to the letter, Ijanusi was found suitably qualified for the role following an internal assessment, underscoring the party’s commitment to engaging competent individuals in key strategic positions. The new role places Ijanusi at the center of the party’s digital communication efforts, where he is expected to manage and coordinate new media strategies, including online engagement, information dissemination, and digital campaign initia...
Read more

JUST IN: MATO CRUSHES INCUMBENT ADEFIRANYE, CLINCHES APC REPS TICKET WITH LANDSLIDE VICTORY

Image
MATO CRUSHES INCUMBENT ADEFIRANYE, CLINCHES APC REPS TICKET WITH LANDSLIDE VICTORY Hon. Mathew Oye Oyerinmade, popularly known as MATO, has emerged as the winner of the All Progressives Congress (APC) House of Representatives Primary Election for Ile-Oluji/Okeigbo and Odigbo Federal Constituency in Ondo State, defeating incumbent lawmaker, Hon. Festus Adefiranye, by a wide margin. The APC primary election, held on Saturday across the federal constituency, recorded a large turnout of party delegates and supporters, with security agencies and party officials monitoring the exercise. At the end of the collation process, Hon. Mathew Oye Oyerinmade secured an overwhelming 12,744 votes to emerge victorious in the keenly contested primary election. His closest rival and incumbent member representing the constituency at the Federal House of Representatives, Hon. Festus Adefiranye, polled 1,944 votes, while other aspirants recorded lower figures. The result reflected a decisive victory for Oyer...
Read more