Thursday 30 June 2016

Brexit will limit financial grants to Nigeria, others, says Don

Persident Buhari and David Cameron

A don, Mr Sam Goddorms, on Wednesday said that the U.K. exiting the European Union (EU) bloc would affect international financial grants given to Nigeria and other developing countries.
Goddorms, a Lecturer in the Department of Political Science, University of Jos, told the News Agency of Nigeria (NAN) on telephone that the exit of U.K. was “unfavourable’’ to Nigeria.
“With U.K. leaving the EU, most of the developmental grants being handed over to Nigeria will reduce drastically.
“Now that this seems to be playing out, U.K. will focus more on rebuilding their own country and coping with the current challenges, than helping other developing societies,’’ he said.
According to him, exit from the European Union bloc will streamline the volume of exports from Nigeria to European markets as U.K. is a channel to European markets.
Goddorms said that it was not over yet, adding that another round of referendum would determine if the initial stand of U.K. would finally scale through.
“Now that this referendum is taking place, Nigeria’s foreign policy makers and government need to reposition appropriately to benefit from any of the stance, ‘’ the don said.
The political scientist, however, said that the nation’s interest should be paramount in the minds of the foreign policy makers.
NAN reports that no fewer than 33 million people from England, Scotland, Wales, Northern Ireland and Gibraltar, had their say in a circumstance where Britain voted to leave the EU. 
source- NAN

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