Nigeria–Turkey Agreement: The Economic Imperative

Nigeria–Turkey Agreement: The Economic Imperative

By Otobong Gabriel, 

Publisher, Awake Nigerian News

Nigeria stands at a pivotal moment in its economic journey. The recent agreement with Turkey to expand bilateral trade to $5 billion is not just a headline—it is a call to action. 

For a country long dependent on oil revenues, this partnership represents a tangible opportunity to diversify the economy, stimulate industrial growth, and attract critical foreign investment. How Nigeria responds now could define the trajectory of its economic future.

This agreement offers real potential for our agricultural and manufacturing sectors. Expanding exports beyond oil reduces vulnerability to global price swings, while Turkish investment in infrastructure and industrial projects can create jobs, transfer skills, and boost local production capacity.

However, the benefits will only materialize if Nigeria addresses trade inefficiencies and emphasizes value addition. Without modernized ports, streamlined logistics, and policies that promote industrialization, the country risks deepening trade imbalances—exporting raw goods while importing higher-value products.

For farmers, manufacturers, and service providers, the agreement is more than a policy statement—it is a concrete pathway to growth. Opening new markets, modernizing operations, and attracting investment can stimulate economic activity across urban and rural areas, creating opportunities where they are needed most.

Beyond immediate economic gains, this agreement positions Nigeria as a regional hub for trade and investment, strengthening our influence in continental commerce. 

The $5 billion target is ambitious, but with decisive action, it can become a reality. More than a number, it is an economic imperative for Nigeria’s sustainable development.