UK's decision to pull out of the EU 'to impact negatively on Nigerians'

2016-06-24 13:15
(AP)

(AP)

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Abuja - The decision of Britain to pull out of the European Union will undoubtedly have a negative impact on Nigerians, as the west African country is a member of the British Commonwealth, Naij reports.

Nigeria has strong economic ties with Britain. It is the second largest trading partner in Africa, behind South Africa.

Economic experts said on Friday that Brexit would have a rippling effect on countries outside of United Kingdom borders with many markets already showing losses on stock markets.

They said that UK markets were set to invariably shrink and this would impact its foreign investment policies that could see it cut back on investing on Nigerian businesses.

Prime Minister David Cameron resigned following the results Brexit votye on Thursday. The British public voted to leave the European Union. 

"I am honoured to have been prime miniter of this country for six years. I love this country and I feel honoured to have served it and I will do everything I can in future to help this country succeed," Cameron was quoted as saying. 


Read more on:    david cameron  |  uk  |  nigeria  |  west africa

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