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Turkey and Nigeria target $5 billion trade partnership

Nigerian official speaking at a conference on Turkey-Nigeria trade relations.

Turkey and Nigeria are moving to significantly deepen economic ties, with both leaders committing to raising bilateral trade from about $2 billion to $5 billion following talks in Ankara. Turkey exports machinery, aircraft, and industrial goods to the West African nation, while Nigeria supplies crude oil and agricultural products. Beyond trade, the two countries signed agreements spanning defense, infrastructure, and investment, signaling a broader strategic partnership. A major focus of the partnership is Turkey providing support and sharing expertise to help Nigeria combat insurgency in the wider Sahel region, with plans for Nigerian officials on the trip to hold discussions with Turkish defense firms. For Nigeria, the push aligns with Tinubu’s reform agenda to attract foreign investment and build a more inclusive, growth-driven economy.

Reuters

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