FG reaffirms deep economic relations with Turkey

FG reaffirms deep economic relations with Turkey


FG reaffirms deep economic relations with Turkey 

The Federal Government has reaffirmed its commitment to strengthening economic relations with the Turkish government to boost trade and investment.

The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo made this known in Abuja at the Nigeria-Turkey Business Forum organised by Foreign Economic Relations Board (DEIK), a leading business organisation in Turkey.

The business forum was organised to pave way for both countries’ private sector entrepreneurs to transact business and enable Turkish cooperation to invest in Nigeria.

Adebayo said the event underscored the need for both political and economic cooperation between the two countries, adding that the relationship between Nigeria and Turkey dated back to 1957.

He said that the bilateral relationship had witnessed significant improvement in recent times and Turkey has become a destination and home for many Nigerians.

According to the minister, the forum has a future full of possibilities in the areas of agriculture, mining, oil and gas, textile, manufacturing, Micro, Small and Medium Enterprises (MSMEs) and special economic zones development.

“The present administration understands the role of the private sector as the key driver of the economy and is committed to making Nigeria one of the most attractive countries in terms of Ease of Doing business in the world.

“Some policies have also been introduced to remove some bottlenecks in the economic development in the government’s quest to diversify the economy.

“Executive Order 001 was signed on the Ease of Doing Business with the aim of promoting transparency, accountability in the business environment,” the minister added.

He said that its implementation had positioned Nigeria as a performing country in the Ease of Doing Business tracking.

Adebayo also said that the ministry developed the Nigerian Industrial Master Plan, a strategic plan for industrialisation and also endeavoured to find where Nigeria had comparative advantage.

Earlier, Prince Adetokunbo Kayode, the President, Abuja Chamber of Commerce and Industry (ACCI) in an opening speech had emphasised on how best to advance cooperation between the two countries.

Speaking on “What a Turkish-Nigerian Strategic Partnership Should Look Like,” he said that Turkey was a major defence item producer, a major ship building country and an all round growing industrial power.

“These can be purchased from Turkey for immediate and strategic supplies when needed to build a strategic relationship.

The Turkish Minister of Trade, Mrs. Ruhsar Pekcan in an address described Nigeria as one of its largest trading partner in the African continent.

Pekcan noted that the relations between Nigeria and Turkey are based on the trade agreement signed in 1982, while liquefied natural gas is being imported from Nigeria to Turkey since 1999.

According to Pekcan, Turkey also imports from Nigeria cocoa, kola nuts, metal, tin ore, rubber, zinc, crude petroleum and coal products while it exports construction materials, agriculture machineries, steel and electronic products to Nigeria.

“Turkish Airline fly to Nigeria in three different points namely, Lagos, Abuja and Port Harcourt to contribute in enhancing bilateral and economic relations,” she said.

She also expressed Turkish government’s readiness to strengthen economic and bilateral partnership with Nigeria.

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