A member of the Nigeria–Türkiye Business Council, Dr. Ifeanyi Onukwubiri, says the newly signed bilateral agreements between Nigeria and Türkiye will unlock fresh opportunities in trade, investment, and private-sector collaboration for both countries.
Onukwubiri, CEO of TMT Travels and Tours Limited, noted that the accords reached by Presidents Recep Tayyip Erdoğan and Bola Ahmed Tinubu during their recent Ankara meeting reflect a renewed commitment to expanding economic relations and enhancing security cooperation.
The memoranda of understanding cover trade, investment, energy, education, and defence, aiming to create a business-friendly environment and attract greater investor confidence.
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“The agreements represent a strategic step towards expanding bilateral trade, improving market access, and encouraging stronger private-sector collaboration between Nigeria and Türkiye,” Onukwubiri said.
He highlighted the reaffirmation of the $5 billion bilateral trade volume target as a clear signal of both governments’ determination to scale up commercial exchanges and long-term investment flows.
Opportunities for Businesses
According to Onukwubiri, the improved cooperation framework will allow Nigerian businesses to leverage Türkiye’s manufacturing, construction, and logistics expertise, while opening Nigeria’s large consumer market to Turkish investors.
He added that the agreements align with the objectives of the Nigerian–Turkish Business Council, which focuses on sustainable partnerships and investment-driven growth, and pledged that TMT Travels and Tours Limited will continue collaborating with stakeholders to deepen trade and economic cooperation.
Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.
