**Article:**
Turkey plans to boost its trade volume with Nigeria from the current $2 billion to $5 billion, President Tayyip Erdogan announced on Tuesday. The two countries have been working to strengthen economic ties, focusing on expanding cooperation in various sectors including construction, agriculture, and manufacturing.
During discussions in Abuja, Erdogan emphasized the importance of enhancing bilateral trade relations and exploring new opportunities for investment. Both nations aim to build on their existing partnership to create a more balanced and diversified trade relationship.
Efforts are underway to facilitate business exchanges and improve infrastructure to support this growth. The increased trade target reflects Turkey’s commitment to deepening its presence in the African market, with Nigeria as a key partner.
**Why this matters**
Increasing trade between Turkey and Nigeria could significantly impact economic growth and job creation in both countries. For Nigeria, expanding trade with Turkey offers access to new markets and investment, which can support development goals. For Turkey, strengthening ties with Nigeria enhances its strategic position in Africa and diversifies its international trade partnerships.
Source: NewsData