Turkish association to increase electrical products in Nigeria

By Victor Asije

 

Lagos    –     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.

Mr Mehmet Kavaklioglu,Vice Chairman of the TET Board, who spoke on
behalf of the association, told the News Agency of Nigeria(NAN) in Lagos
that 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.

“We are really targeting some world markets for our electrical products,
and Nigeria is one of our target markets.

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“We really see new business opportunities in Nigeria, as a country
with big 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 said.

Kavaklioglu said 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.

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.

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He said that 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.

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