Page 45 - Nigeria one mag en-21
P. 45

The Nigerian-Turkish Bilateral Relationship



























                                                                                       Istanbul, the largest city in Turkey

             As Recep Tayyip Erdogan explained to the audience at a joint press conference with Buhari, 2022 marks
             60 years of relations between Nigeria and Turkey. On the occasion of the Turkish President's visit to
             Nigeria in October 2021, numerous agreements were signed regarding defense, political consultation,
             energy, mining, youth, and double taxation. Muhammadu Buhari's visit to Turkey strengthened the close
             relationship between the two countries. Nigeria's President was invited to attend the third Turkey-Africa
             Partnership Summit to be held in Istanbul between December 16th and 19th 2021. Both nations have an
                                                                                                  map of ukraine
             undeniably  strong  bond  based  on  mutual  trust.  President  Buhari  pleaded  for  Turkish  assistance  in

             battling terrorism and insurgency in Africa in his speech. Additionally, he reaffirmed the critical role of
             international trade in driving development and long-term economic growth, as well as the eradication
             of global poverty. During his speech, he applauded the significant increase in trade between Africa and
             Turkey. He stated, “We are confident that given the level of openness, trust and commitment manifested
             in  the  Africa  -Turkey  Partnership,  this  cooperation  mechanism  will  be  a  game-changer  for  our
             countries and set us on the path of sustainable development for our peoples.”
             Chief  Timipre  Sylva,  the  Minister  of  State  Petroleum  Resources,  reiterated  Nigeria's  commitment  to
             collaborating with Turkey after following the lead of the Nigerian leader. Mr. Sylva spoke about Nigeria's
             interest  in  more  Turkish  hydro-carbon  investments  during  a  bilateral  meeting  on  the  sidelines  of
             Ceraweek  in  Houston,  Texas  with  the  Turkish  Deputy  Minister  of  Energy  and  Natural  Resources,
             Alpersen Bayraktar. The minister's call is particularly relevant given the upcoming divestment of some
             International  Oil  Companies  (IOC)  from  onshore  areas  of  the  country.  “We  are  looking  at  the
             possibilities of Turkey taking interest in more investments in Nigeria. Now that IOC like Shell, Exxon
             Mobil, and others are planning to divest from onshore assets, more investments in that sector would be
             a great opportunity for Turkey to expand its investments interest in Nigeria.” Sylva invited the Turkish
             leaders to expand their relationship to energy and other areas of trade. In addition, he talked about the
             PIA (Petroleum Industry Act), a regulatory framework that will be more appealing to potential investors.
             Chief  Timipre  Sylva  told  Bayraktar,  the  Deputy  Minister,  to  encourage  Turkish  investors  to  come  to
             Nigeria, which “is still the desired investment destination in Africa.”
             On his part, Bayraktar affirmed that his country was prepared to shore up investments in the Nigerian
             energy sector if given the opportunity.



             International                                                                                 45
   40   41   42   43   44   45   46   47   48   49   50