TÜRKIYE IS PLANNING TO ESTABLISH LOCAL DEFENCE PRODUCTION FACILITIES AND MILITARY TRAINING CENTRES IN NIGERIA AS PART OF EFFORTS TO STRENGTHEN SECURITY COOPERATION AND INCREASE BILATERAL TRADE TO $5 BILLION.(PHOTO).

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 Türkiye is planning to establish local defence production facilities and military training centres in Nigeria as part of efforts to strengthen security cooperation and increase bilateral trade to $5 billion. Turkish Ambassador to Nigeria, Mehmet Poroy, disclosed this on Monday in Abuja, saying the proposed facilities would enable Türkiye to support local military equipment production rather than simply supplying weapons and equipment. He also revealed that 200 Nigerian special forces personnel were undergoing a two-month training programme in Türkiye, with plans underway to establish a similar facility in Nigeria. “We are planning to have some local production unit also in that context, not only selling to Nigeria the tools, equipment, the arms that it needs, but also the possibility of having local production here in Nigeria,” Poroy said. On trade, the ambassador said bilateral trade currently stood at approximately $2 billion, including oil and gas, but both countries were targe...

IMF, GABON AUTHORITIES DISCUSS ECONOMIC DEVELOPMENT, REFORM PLAN. (PHOTO).


 IMF, Gabon authorities discuss economic development, reform plan


The International Monetary Fund ssai its staff team ‌held talks with Gabonese authorities on macroeconomic ​and policy developments ​and on implementing the ⁠country's growth plans.


The talks ​highlighted ongoing reforms ​to improve public financial management and governance, and underscored ​the need for ​prudent fiscal and financial policies ‌to ⁠safeguard macroeconomic stability in Gabon and the region, the IMF said, Reuters reported.


"Policy ​dialogue ​with ⁠the authorities will continue in the ​weeks ahead, including ​during ⁠the upcoming IMF Spring Meetings," the fund ⁠added, ​after wrapping ​up talks in Libreville.

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