The trade volume between Turkey and Nigeria, has reached $1.3bn (about N204.1billion), the National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Herbert Ajayi, has said.
He said that Nigeria’s main imports from Turkey were clothing, food, engine, automobile parts and pharmaceuticals among others. In return, he said, Turkey’s imports from Nigeria included sesame seeds, raw and semi-processed leather, rubber and other things.
Ajayi disclosed this during the Turkish products solo exhibition, which was organised in conjunction with Istanbul Chamber of Commerce and Armanda International Limited in Lagos.
A statement on Friday said the figure represented the trade performance between the two countries as at the end of 2011.
The NACCIMA President said, “Since the last two editions of the Turkish products solo exhibition, the trade volume between Turkey and Nigeria has tremendously improved. As at 2011, the trade volume between the two countries stood at $1.3bn.”
Even though the trade statistics revealed that the balance of trade between the two countries was in favour of Nigeria, Ajayi stressed that the existence and continuous annual growth in the volume of trade between both countries was a testimony of faith, reliability and confidence that they had in each other and in their products and services.
“There is need to further strengthen the existing relationship between Nigeria and Turkey through the formation of joint investment projects,” he said.
Ajayi expressed delight that the exhibition was geared towards enhancing the bilateral trade relationship and fostering mutual cooperation.
Representative of the government of Turkey, Ambassador Ali Buyukelci, said that the volume of trade between the two countries rose in 2011 by 57 per cent.
According to him, the relationship between Turkey and Nigeria dates back to the Ottoman Empire.
After Nigeria’s independence in 1960, he said that Turkey opened its embassy in Lagos and had since been having a cooperative relationship with the country.
He also said that Turkish contracting sector had achieved great experience and success throughout the world.
Buyukelci said, “Our contracting sector ranks second after China worldwide. They have so far successfully completed more than 4,000 projects in 81 countries with a volume of $160bn.”