BRITAIN'S EXIT NOT GOOD FOR NIGERIA

England's choice to leave the European Union (EU) will have negative results on Nigeria, Prof. Bola Akinterinwa, Director-General, Nigerian Institute of International Affairs (NIIA), has said. Akinterinwa, an educator on worldwide issues, on Friday said that the negative effect of Britain's way out from the union would be respectively and multilaterally. As indicated by him, it is at the level of multilateral design that Nigeria might be somewhat influenced. "England is an individual from the EU and Nigeria is an individual from Commonwealth and for this situation, Britain is both a dynamic individual from the EU and Commonwealth. "Nigeria has been profiting from the facilitated commerce duty access of the British to the EU; now with the Brexit (Britain Exit), that one (unhindered commerce levy access) may become troublesome for Nigeria," he said.

 Akinterinwa said that Nigeria's financial association with the EU may likewise be influenced with the improvement, clarifying that it would imperil Economic Partnership Agreement (EPA) with the EU. "With the withdrawal of the British from the EU, now the EPA will no more apply to Nigeria inside the structure of Nigeria's respective association with the British," he said. Politically, he expressed that a debilitated Europe would likewise influence Nigeria as far as assistance to the nation is concerned. "Politically, Brexit can realize a debilitated economy of Europe; it will be debilitated in different regards since Britain represents around 15 %  of EU's operational spending plan. "This will make more weights for nations like France and Germany, the two principle nations conveying the money related weight of other part states. 

"With that association with the European Union, alternate individuals will likewise be debilitated. "With regards to indebtedness, the measure of cash given to Nigeria either as advancement award or at all, can't yet be decreased. Thus, these are a portion of the suggestions," he said. Akinterinwa included that Brexit could likewise influence Nigeria's and ECOWAS' association with the EU. Since Britain is not part of the Schengen Visa Regime, anybody going to Britain must apply for visa specifically for Britain. "Since the reason for pulling back from the EU is to underline British sway, the British will now be in a superior position to manage global migrants in its setting. "There are three million MIGRANTS in the UK, while we discuss 1.2 million Britons living in alternate parts of Europe. "For this situation, the issue of movement turns into a critical matter on the vital computations of the administration. "It implies that the outsiders are prone to cut a harsh arrangement; they are not liable to be given the sort of settlement they as of now have. 

"The UK outskirt will now be in a superior position to control the inflow and surge of voyagers to the UK," he clarified. Akinterinwa, be that as it may, said that with the Brexit as of now harming the Pound Sterling and the Euro, it was certain for Nigeria. "With the Brexit, the Pound Sterling has fallen as against the U.S. Dollar; the Euro too has additionally fallen. "Speculators, promptly, because of a paranoid fear of the obscure started to move their ventures considering migration and that instantly influenced the estimation of the Pound and it started to fall. "In this way, the equality of the Naira to the Pound Sterling, if the Pound Sterling is falling, is useful for Nigeria; it is an appreciated improvement at that level," he said.