Pressdia Ad

Nigeria Turns to Turkey for Investment and Security Support in $5 Billion Mega Deal

Nigeria has moved to deepen ties with Turkey through a package of investment, trade and security agreements aimed at boosting foreign capital inflows and strengthening defence cooperation. The agreements were signed during President Bola Tinubu’s visit to Ankara and were reported by Reuters.

At the centre of the partnership is a plan to raise bilateral trade to $5 billion, up from about $2 billion, through expanded investment and commercial collaboration. Both countries agreed to strengthen cooperation via a Joint Economic and Trade Committee to fast-track projects and remove barriers to business, The Nation online noted.

The deals also cover security and defence cooperation, with Turkey pledging support for military training, intelligence sharing and counter-terrorism efforts as Nigeria seeks to address persistent security challenges. Turkish President Recep Tayyip Erdoğan said Ankara was ready to support Nigeria’s stability and economic growth.

According to Hurriyet daily news, the agreements are expected to unlock new Turkish investments in Nigeria’s manufacturing, energy and infrastructure sectors, supporting job creation and diversification. Analysts noted that the move reflects Nigeria’s broader strategy to attract non-Western investment partners while strengthening security cooperation.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Zambia Targets 4.9% Economic Growth and Smaller Budget Deficit in 2027

Zambia is targeting economic growth of 4.9% in 2027 while reducing...

China and Gabon Elevate Relations, Deepen Mining and Security Cooperation

China and Gabon have elevated their bilateral relationship to a new...

Fola Aiyesimoju’s UAC Stake Nearly Doubles to $10.8 Million as Shares Rally

Nigerian investment dealmaker and UAC of Nigeria Group Managing Director Folasope...

Netflix Announces Stranger Things Prequel Other Worlds for 2028

Netflix is expanding the universe of its global hit series Stranger...

The Remarried Empress Sets Disney+ and Hulu Record With Biggest Local Original Launch Ever

Disney’s Korean fantasy romance The Remarried Empress has set a new...

Emara Ole-Sereni Nairobi Where Five-Star Luxury Meets the Wild

Overlooking the iconic Nairobi National Park, Emara Ole-Sereni is a five-star...

Anissa Aida Bridging Tunisian Heritage and Japanese Design

Founded in 2016 by Tunisian fashion designer Anissa Meddeb, Anissa Aida...

AngloGold Ashanti Plans $900 Million Mine Expansion to Add 400,000 Ounces of Annual Gold Production

AngloGold Ashanti plans to invest approximately $900 million in expanding its...

Afriland’s Paul Kammogne Secures Regulatory Approval to Launch Togo’s Second Brokerage Firm

Afriland First Group, founded by Cameroonian banking entrepreneur Paul Kammogne Fokam,...

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here