Members of the Turkish Electro-Technology Exporters’ Association( TET )), a professional body representing over 7,500 member companies, on Tuesday expressed its readiness to increase their electrical products in the Nigerian market.
Mehmet Kavaklioglu,Vice Chairman of the TET Board, who spoke on behalf of the association, said in Lagos that Nigeria was an expanding business destination, according to NAN’s report,
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.
“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 big population and a large market for our products.
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“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 said.
Kavaklioglu said 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.
The Vice Chairman said that the trade mission, which had visited Nigeria in 2011, visited again to meet with Nigerians through Business-to- Business interactions.
He said the trade mission had also interacted with different Nigerian Chamber of Commerce and Industries, as well as with stakeholders in Nigeria’s electrical distribution companies.
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 National 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.