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Friday, March 4, 2016

NIGERIA, TURKEY SIGN ECONOMIC COOPERATION AGREEMENT



The Federal Government on Wednesday signed a memorandum of understanding (MoU) on trade and economic partnership agreement with the Turkish government to boost commerce and economic activities. The agreement seeks to raise the current trade volume of both countries, which currently stand at $2.3 billion, through investments drive.


Okechukwu Enelamah, Minister of Industry, Trade and Investment, said Nigeria was expected to ride on the economic partnership agreement between both countries to expand its investment drive with the Turkish government, whom he described as a key economic partner with the Nigerian government.

“The relationship between Turkey and Nigeria is an opportunity we won’t waste. Our trade volume currently stands at $2.3 billion. We have already advanced our discussions with them, at the diplomatic level. Currently, government is facilitating   discussion with up to 150 Turkish Business men and key representatives of the private sector in Nigeria to explore more areas of investments,” he said.

“We are open for Business and we must find multiple ways of collaborating with Turkey. Every obstacle in this partnership, we must address using all the machinery while carrying the private sector along. We are looking forward to investment that would diversify our economy in key areas of agriculture, solid minerals, and defence industries.”

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