Friday’s exit of the United Kingdom from the European Union (EU) may benefit Nigeria in diverse ways if the sentiments expressed by Nigerians resident there are anything to go by. To show that Britain was aggressively seeking new trade partners outside of the EU, the Department of International Trade (DIT), disclosed that prior to the Summit itself, deals to the tune of £6.5b had already been signed between British businesses, and a number of African countries. The purpose was to deliver jobs, growth and open up opportunities for more of such across both Britain and Africa. This is because as the UK moves to negotiating new trade deals with various countries, this may lead to either renegotiating existing trade deals with Nigeria or abandoning current trade arrangements.”London Political Summit Convener and Founder, Godson Azu, saw Brexit as an opportunity for Nigeria and other countries to readily become the new trade partners the UK is obviously seeking. He said: “Let’s look at our beloved country Nigeria, we are relevant on the world stage because of our population; we have seen businesses queuing up to come to Nigeria despite our obvious challenges.

Source: The Guardian February 02, 2020 04:30 UTC