Turkiye has expressed willingness to increase its trade volume with Nigeria to $5 billion, which would be a 500 per cent increase.
Currently, the trade volume between Turkiye and Nigeria stands at $1 billion, while trade volume with the rest of Africa is $40 billion.
Turkish Deputy Ambassador to Nigeria, Elif Durdu, who said this, lamented that the current volume of trade between both countries has not reflected their potential.
The envoy, who noted that Turkiye and Nigeria are significant players in their respective regions, said records had shown that the two countries could offer much more in terms of bilateral trade relations by scaling up their trade ties.
She said Türkiye was already deliberately putting in place measures that would attract massive Turkish investments to Nigeria and other African countries.
She added: “Turkiye is striving to address this issue by increasing bilateral contacts, alongside attracting Turkish investments to Nigeria.
“Turkiye, through her Africa Partnership Policy, also aims to promote the trade volume with the African Continent.
“This is around a total of $40 billion as of 2024, and Nigeria plays a special role in that goal.”
