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NIGERIA, TURKEY SIGN ECONOMIC COOPERATION AGREEMENT

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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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