Ahead of a two-day official visit of President Recep Tayyip Erdogan of Turkey and his high powered delegation to Nigeria, Nigerian Investment Promotion Commission (NIPC) would be making a pitch to Turkish investors at the Nigeria -Turkey Business forum taking place in Abuja today.
The forum which is organised by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) in collaboration with DEIK (Foreign Economic Relations Board) and Turkey Nigeria Business Council is a platform for both countries to further consolidate the gains of doing business with each other.
NIPC’s engagement at the forum is part of a collaboration with stakeholders like NACCIMA to better project and promote Nigeria’s investment prospects. Acting Executive Secretary/CEO, NIPC, Mr Emeka Offor will lead this engagement with a presentation on Doing business in Nigeria.
In a statement signed by Senior Special Assistant to Nigeria’s President on Media and Publicity, Garba Shehu, it is expected that the leaders of the two countries will consider about two dozen Bilateral Agreements and Memoranda of Understanding, MOUs during this visit.
Nigeria is Turkey’s top trading partner in sub-Saharan Africa with a trading volume of $754 million in 2020, which is expected to rise to more than $1 billion. However, some Turkish media put the trade volume between Turkey and Nigeria at $2 billion as of the end of 2020.
Recently, NIPC Intelligence reported that Turkey and Nigeria would sign deals on Hydrocarbons, Mining, Energy during this visit.
In 2020, NIPC Intelligence also reported that BUA signed a deal with Turkish Firm, Milleral, to build a 2400tpd Flour Mill.
In 2017, NIPC went through a diligent process to identify countries of strategic importance for investment promotion purposes and Turkey was one of the countries so identified.
NIPC will continue to work with relevant stakeholders to strategically deepen its relationship with Turkey for investment attraction.
Signed
Daniel Awurum
