The vote within the UK highlighted deep divisions. With the exception of London, England voted massively to leave the EU. Scotland, which only a year ago, voted by a thin margin to remain in the UK, voted by almost 2 to 1 to remain in the EU. Wales voted to leave, while Northern Ireland voted to remain. These divisions have already had an immediate impact as politicians in both Scotland and Northern Ireland have begun to take positions regarding the continued stay of their countries in the UK. We may well see Scotland hold another referendum, and leave the UK in short order. Northern Ireland may decide to join the Republic of Ireland, itself, an EU country.
How does this affect Nigeria?
In the short term, being our former imperial rulers, the UK has been one of Nigeria’s traditional trading partners, and because of a shared language, has remained a destination of choice for most Nigerians. Our elite are deeply ingrained in the UK, and have bought into that country very deeply. With a population of 201,184 according to the 2011 Census, the UK is home to one of the largest concentrations of Nigerians outside Nigeria. Issuance of visas to Nigerians may take a hit as immigration was one of the key issues in the Brexit vote.
However, in reality, the UK is not Nigeria’s biggest trading partner, even in Europe. As a destination for Nigerian exports, the UK at $5.21 billion comes fourth behind Spain ($9.7 billion), the Netherlands ($5.59 billion) and France ($5.48 billion). As a source for Nigerian imports, the UK at $2.28 billion, comes third behind the Netherlands ($3.4 billion) and Belgium ($2.59 billion). These realities, and the UK’s diminished status, have to be taken into account in the renegotiation of trade agreements that are sure to come. Nigeria must look to increase her ties with the bigger market that is the EU, while taking into account the cultural ties, especially the monies spent by Nigerians in British schools. According to the Senate Committee on Tertiary Institution and Tertiary Education Trust Fund, Nigeria currently spends over $2 billion annually as capital flight on education abroad, with the UK chalking up the lion share of those education dollars as 66 per cent of Nigerian foreign students attend universities in the UK, according to Euromonitor International. Nigerians received a total of $3.7 billion from relatives residing in the UK in remittances in 2015 according to the Global Knowledge Partnership on Migration and Development, second only to the United States. Also, a contracting UK economy will have a deep impact on aid programmes to Nigeria, especially DFID interventions, which have been a burning political issue in the UK.
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