President Recep Tayyip Erdogan of the Republic of Türkiye has reaffirmed his country’s commitment to achieving a $5 billion trade volume target with Nigeria, confirming that discussions toward the deal are already underway.
The disclosure was made on Tuesday in Ankara during a joint press briefing with President Bola Tinubu, who is on a State Visit to Türkiye. The details were contained in a statement issued by the Presidential Spokesman, Bayo Onanuga.
President Erdogan said both countries have agreed to establish a Joint Economy and Trade Committee, which he noted would create fresh opportunities for trade expansion and support increased Turkish investments in Nigeria to help meet the $5 billion target.
“Firstly, we see that we have significant potential in the fields of trade and investment. In today’s meetings, our commitment is to the $5 billion trade volume target, and we discussed the steps needed,” Erdogan said.
“We also discussed opportunities to support our investments in Nigeria. We believe that the Joint Economy and Trade Committee, which we agreed to establish today, will be instrumental in this regard.”
The Turkish President also praised President Tinubu’s commitment and determination to attract foreign investment, describing the presence of several Nigerian ministers and senior government officials at the meetings as clear evidence of that resolve.
In addition, Erdogan commended Nigeria’s recent energy sector reforms, noting that the measures have contributed to the restructuring of the country’s economy and improved its investment outlook.
Observers say the renewed engagement between Nigeria and Türkiye could deepen bilateral trade, boost investment flows, and strengthen economic cooperation across key sectors in the coming years.
