Members of the Turkish Electro-Technology Exporters’ Association(TET) have decided to increase electrical facilities in Nigeria.
The professional body representing over 7,500 member companies dropped this hint to journalists on Tuesday in Lagos.
According to Mehmet Kavaklioglu,Vice- Chairman of the TET Board, Nigeria was an expanding business destination.
Kavaklioglu, who led a trade mission of 23 Turkish electrical
manufacturing companies to Nigeria, said that the companies were
prepared to take advantage of Nigeria’s increasing population for Turkish
electrical products.
He said: “We are really targeting some world markets for our electrical products,
and Nigeria is one of our target markets.
“We really see new business opportunities in Nigeria, as a country with a huge population and a large market for our products.
“We do know that there are already some of our Turkish electrical manufacturing companies doing businesses in Nigeria.
“But this is not enough. We are set to increase our business potential and opportunities that currently exist in the Nigerian electrical industry,’’ he added.
Kavaklioglu noted that companies on the trade mission represented Turkish companies drawn from consumer electronics and appliances, lighting, cables, electrical transmission and distribution equipment,
industrial automation products and specialised cables.
According to him, Turkey’s fast-growing electronics, white goods and
electrical components sector annually exports over 10 billion dollars in goods to the global market.
The Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture
(NACCIMA) has beefed up trade ties with Turkey, the 18th largest economy in the world.
The trade volume between the two countries was at about $2.7billion in 2016, it was gathered.
