During Nigerian President Bola Tinubu’s state visit to Türkiye, President Recep Tayyip Erdogan announced that his country is targeting a $5 billion trade volume with Nigeria. Speaking at a joint press briefing in Ankara on Tuesday, Erdogan highlighted the importance of deepening bilateral relations and expanding cooperation across trade, investment, and strategic sectors.
The leaders agreed to establish a Joint Economy and Trade Committee to accelerate investment and commercial collaboration between the two nations. “We conducted a comprehensive review of our relations in trade, investments, energy, education, and defence,” Erdogan said, noting that the committee would play a key role in achieving the $5 billion trade target.
Erdogan praised Nigeria’s ongoing reform efforts, particularly in the energy sector, and expressed optimism about joint projects between the Turkish Petroleum Corporation and Nigerian partners. He also reaffirmed Türkiye’s commitment to supporting Nigeria in regional security, including military training and intelligence cooperation to combat terrorism in the Sahel region.
President Tinubu, in response, welcomed Türkiye’s willingness to deepen cooperation across strategic sectors. He emphasized the importance of partnerships that foster inclusive economic growth while addressing social and security challenges, stating, “We discussed how to build an inclusive economy and ensure vulnerable communities benefit from growth.”
The visit also saw the signing of nine bilateral cooperation agreements covering diaspora engagement, diplomatic training, education, defence, infrastructure, and social services. The announcement builds on Türkiye’s previous investments in Nigeria, including $272 million invested by three Turkish companies across Nigerian states in 2025, signaling a growing economic partnership with long-term potential.
source: nairametrics