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Home Foreign Policy & Trade Nigeria and Türkiye Target $5 Billion Trade Volume Amid New Bilateral Deals

Nigeria and Türkiye Target $5 Billion Trade Volume Amid New Bilateral Deals

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According to Leadership, President Bola Tinubu and his Turkish counterpart, Recep Tayyip Erdoğan, have set an ambitious target to increase the bilateral trade volume between Nigeria and Türkiye to $5 billion. During a high-level state visit to Ankara, the two leaders oversaw the signing of several Memoranda of Understanding (MoUs) spanning defense, energy, and agricultural sectors. President Erdoğan praised Nigeria as a strategic partner in Africa and expressed a commitment to fostering “shared prosperity.”

President Tinubu emphasized that Nigeria is open for business and highlighted the importance of Turkish collaboration in tackling regional security challenges and promoting economic stability. The agreements are expected to open new doors for Nigerian exporters and provide Türkiye with greater access to West African markets. This diplomatic push is seen as part of Nigeria’s “Renewed Hope” agenda to diversify its economic partnerships beyond traditional Western allies.

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The Nation provided further details on the defense pacts, reporting that “the deals include technology transfer for the production of unmanned aerial vehicles (UAVs).” Channels TV also covered the event, with an analyst stating, “This partnership could be a game-changer for Nigeria’s defense manufacturing capabilities.”

Echotitbits take: Türkiye has become a major player in defense tech, and Nigeria’s interest in their drones is no secret. If these MoUs lead to local manufacturing, it could significantly boost Nigeria’s internal security and industrial base simultaneously.

Source: Legit.ng – https://www.legit.ng/nigeria/1694476-nigeria-turkiye-set-5bn-trade-target-sign-9-agreements-security-education/ January 28, 2026

Photo Credit: Legit.ng

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