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Turkish tycoon to invest massively in Nigeria's housing, tourism

12 May 2013, 16:13

Istanbul - One of Turkey’s major investors, Mr Ugur Nazli, has pledged to invest massively in Nigeria’s housing and tourism sectors to boost the country's economy.

Nazli made the pledge at a reception he organised for a delegation of businessmen from Kano and Bauchi states on Sunday in Istanbul.

The News Agency of Nigeria (NAN) reports that the businessmen were in Istanbul for the 2013 Nigeria-Turkey business summit.

Nazli promised to construct affordable houses and world-class hotels in Abuja and Kano as part of efforts to bring down the cost of houses in the two cities.

Nazli noted that Nigeria has potential for economic growth through foreign investment flow and also a large market for investors because of its large population.

He called for closer cooperation between Nigeria and Turkey to promote business interests in the two countries.

The Turkish businessman noted that Nigeria and Turkey shared similar cultural settings and urged businessmen from both countries to take full advantage of the opportunity to grow their economies.

Responding on behalf of the Nigerian business delegation, Alhaji Sarki Ibrahim, a traditional title holder in Kano (Makaman Kano), thanked the Turkish businessman for the reception.

Ibrahim said the decision by the Turkish businessman to invest in Nigeria and in Kano, in particular, showed the confidence he had in Nigeria.

He promised that the government and people of Kano State would provide the necessary support and cooperation for the actualisation of the project in Kano.

NAN reports that the delegation from Bauchi State comprised members of the House of Assembly and Alhaji Isa Kufai, a director-general in the state.

The summit was organised by Turkey’s Confederation of Businessmen and Industrialists to explore business opportunities in the two countries.

This year’s meeting was declared open by Mr Foluso Adeshida, Nigerias deputy Head of Mission in Turkey.



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