By Danjuma Amodu | February 28, 2026
The Federal Government of Nigeria (FGN) has taken a significant step towards strengthening economic ties with Türkiye, as the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, met with the Turkish Ambassador to Nigeria, Ambassador Mehmet Poroy, on Friday.
The meeting, which took place at the minister’s office, was a follow-up to President Bola Ahmed Tinubu’s recent state visit to Türkiye, which marked a significant milestone in Nigeria-Türkiye economic relations. Discussions during the visit focused on expanding bilateral trade, strengthening industrial cooperation, and mobilising investment into priority sectors of the Nigerian economy.
Both countries are seeking deeper economic collaboration and an expansion of private sector partnerships, with Türkiye aiming to increase its trade volume with Nigeria from $2 billion to $5 billion, and potentially up to $10 billion. Key sectors identified for investment and collaboration include agriculture, energy, and infrastructure.
The two countries have signed agreements covering defence cooperation, infrastructure development, trade, and investment, as well as joint efforts to tackle insurgency in Africa’s Sahel region. Ambassador Poroy expressed Türkiye’s commitment to supporting Nigeria’s fight against terrorism and strengthening defence industry cooperation. Türkiye has also pledged to provide military training, advice, and other forms of cooperation to support Nigeria’s security efforts.
The meeting is expected to further boost economic cooperation between Nigeria and Türkiye, with sustained diplomatic engagement at the ministerial level essential to translating high-level commitments into measurable economic outcomes for Nigeria.
The meeting between Mr Edun and Ambassador Poroy underscores the strong partnership between Nigeria and Türkiye, with both countries committed to deepening economic ties and promoting mutual growth. Türkiye’s expertise in infrastructure development and manufacturing can support Nigeria’s development agenda.
The enhanced economic cooperation is expected to have a positive impact on the region, promoting economic growth, stability, and security. The development is seen as a significant boost to Nigeria’s efforts to diversify its economy and attract foreign investment. With Türkiye’s support, Nigeria is expected to make significant strides in its economic development, particularly in infrastructure and manufacturing.
The Nigerian government has expressed its commitment to creating a conducive business environment, attracting more Turkish companies to invest in the country. As the partnership between Nigeria and Türkiye continues to grow, it is expected to open up new opportunities for businesses and investors from both countries, promoting economic growth and development in the region.
The strong partnership between Nigeria and Türkiye is expected to have far-reaching benefits for both countries, with increased trade, investment, and collaboration in key sectors driving economic growth and development. The Nigerian government has identified agriculture, energy, and infrastructure as priority areas for investment and collaboration with Turkish companies.
Türkiye’s expertise in infrastructure development and manufacturing is expected to support Nigeria’s development agenda, enhancing food security, promoting agricultural exports, and developing transportation networks, ports, and logistics hubs. The agreements signed between the two countries also cover defence cooperation, with Türkiye pledging to support Nigeria’s efforts to strengthen its defence capabilities.
The enhanced economic cooperation is expected to promote economic growth, stability, and security in the region. Stakeholders are optimistic about the prospects for increased trade, investment, and collaboration in key sectors. The Nigerian government has expressed its commitment to creating a conducive business environment, attracting more Turkish companies to invest in the country.
With Türkiye’s support, Nigeria is expected to make significant strides in its economic development, particularly in infrastructure and manufacturing. The partnership is expected to open up new opportunities for businesses and investors from both countries, promoting economic growth and development in the region.
