Turkish President Recep Tayyip Erdogan has announced a new bilateral trade target of $5 billion with Nigeria during a state visit by President Bola Tinubu.
The goal, set during meetings in Ankara on Tuesday, signals a major push to deepen economic ties between the two nations.
To drive this expansion, the leaders agreed to establish a Joint Economy and Trade Committee. The committee will focus on accelerating investments and removing barriers to commercial cooperation.
The discussions extended beyond trade to include strategic partnerships in energy and defense. Erdogan commended Nigeria’s recent energy sector reforms and expressed optimism for collaboration between the Turkish Petroleum Corporation and Nigerian partners.
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On security, Erdogan pledged Türkiye’s support for Nigeria’s counter-terrorism efforts in the Sahel, offering expertise in military training and intelligence sharing.
Tinubu emphasized the need for partnerships that ensure stability and inclusive economic growth.
The visit was capped with the signing of nine bilateral agreements covering areas including defense, infrastructure, education, and diaspora affairs.
This builds on existing Turkish investments in Nigeria, which totaled at least $272 million from three companies as of last year.
Tinubu praised Türkiye’s role in promoting global peace, while Erdogan affirmed his country’s commitment to a broader partnership that supports both economic growth and regional security.
