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How Will Brexit Affect Nigeria? - Politics (2) - Nairaland

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Re: How Will Brexit Affect Nigeria? by sammirano: 7:36am On Oct 29, 2019
With recent happenings. I will only believe Brexit to happen when it actually happens. We don tire
Re: How Will Brexit Affect Nigeria? by bobbyL(m): 7:37am On Oct 29, 2019
Barondenigeria:
Abdulbasit Shuaib and Yusuf Ibrahim
29/10/19




Investments and remittances

Brexit presents significant economic and political uncertainty. For the average investor, unpredictability means danger! Foreign investors would be weary of investing in emerging economies such as Nigeria’s. Over the years, Foreign direct investments (“FDI”) in Nigeria has declined significantly by a cumulative average rate of 19% between 2014 and 2018 with the largest decline recorded in 2017 and 2018 (post Brexit referendum periods).

On the other hand, remittances to Nigeria is the second highest in Africa growing at an average rate of 4% between 2014 and 2018 with the largest growths experienced in 2017 and 2018.

Although correlation does not imply causation, we could assume that Brexit has contributed to the trend experienced in both FDI and Remittances. This could continue in the foreseeable period following the breakup of the UK and EU’s economic relationship


Source:
http://www.gpggnigeria.org/the-impact-of-brexit-on-nigerias-economy/

I think it is a stretch to say Brexit impacted FDIs without indicating the extent. You left the recession, you left the foreign exchange crisis and went all the way to Brexit? I do not think Brexit moved the FDI needle in any significant manner. Our own troubles did a good enough job.

2 Likes

Re: How Will Brexit Affect Nigeria? by Coldie(m): 7:37am On Oct 29, 2019
It will benefit Nigeria so much especially Nigerians in the UK.

Normally as an Eu state Eu citizens get more preference in jobs recruitment over u an African immigrant but with Brexit all of u are equal in the Jobs markets

2 Likes

Re: How Will Brexit Affect Nigeria? by Mexyz(m): 7:38am On Oct 29, 2019
I'm interested in that 'brain drain'... Me am looking for ways to leave also, someone should help me o.
After all our presido is an oversea based president.
Re: How Will Brexit Affect Nigeria? by sweetonugbu: 7:39am On Oct 29, 2019
Plus and minus,status quo remains
Re: How Will Brexit Affect Nigeria? by easynetsms(m): 7:40am On Oct 29, 2019
wheesin:
Will they carry the country from Europe to another country? I'm asking how you leave a continent union and still.be in the continent?


No, what it means is that you are still part of Europe but you won't be part of the laws abiding European union
Re: How Will Brexit Affect Nigeria? by JimohMomoh: 7:40am On Oct 29, 2019
wheesin:
Will they carry the country from Europe to another country? I'm asking how you leave a continent union and still.be in the continent?

Lol, Switzerland, Norway, Albania etc are not members of European Union but they are located in the European continent.
Re: How Will Brexit Affect Nigeria? by godofuck231: 7:46am On Oct 29, 2019
Abfinest007:
d uk is trying to cut cost so it won't affect Nigeria that much
an average British man is stingy , nothing like free lunch , if you get tea then you are being used , coffee? They are bleeding dry and need your help
Re: How Will Brexit Affect Nigeria? by Nobody: 7:46am On Oct 29, 2019
DTeekay:
Can Nigeria leave Africa? Maybe that will solve our problem. This African mentality is bad for us.

#NIGEXIT
Britain is not leaving the continent Europe but a union.
You guys can leave AU or ECOWAS. You can't leave Africa
Re: How Will Brexit Affect Nigeria? by DTeekay(m): 7:50am On Oct 29, 2019
Bros e for sweet to join another continent Sha. Anything to try and save this country. Anyways I fully understand your point.
niaralandtopuser:

Britain is not leaving the continent Europe but a union.
You guys can leave AU or ECOWAS. You can't leave Africa
Re: How Will Brexit Affect Nigeria? by Nobody: 7:51am On Oct 29, 2019
helinues:


Boris that is having trouble within conservatives party. He may soon be a gunner like his predecessors
Be talking trash here while Boris and his Tory party are topping every election poll by double figures. Why do you think the opposition are afraid of voting for an early election?
Re: How Will Brexit Affect Nigeria? by fairfora: 7:52am On Oct 29, 2019
Brexit would only affect or impact Nigerians positively. Massive brain drain is expected because most of the EU expatriates would leave the UK and that would in effect create vacuum amongst the ever-lazy Britons. GBP is now becoming weaker by the day and eventual Brexit would make it lose its values woefully. UK must exercise caution in this selfish move.

1 Like

Re: How Will Brexit Affect Nigeria? by Nobody: 7:54am On Oct 29, 2019
DTeekay:
Bros e for sweet to join another continent Sha. Anything to try and save this country. Anyways I fully understand your point.
But we fit leave this AU and the useless ECOWAS go join European Union
Re: How Will Brexit Affect Nigeria? by Sterope(f): 7:54am On Oct 29, 2019
Money laundering is more like it. Now your masters will have nothing stopping thrm to destroy your nation, your future and your children children's future.

You should be proud.

FYI, you need to educate yourself on EU's rules and regulations governing free movement of persons with an unbiased mind. It is no one's fault if the British government would moan rather than implement measures to secure its borders.

GuestLog:
Britain will adopt Brexit and sanitize their land of foreigners and religious bigots. That is their sole aim, to cut off European agreements so as not to break any existing laws.
Re: How Will Brexit Affect Nigeria? by unity004(m): 7:55am On Oct 29, 2019
Brexit? grin grin grin Obi,uche,ijeoma,amara & co prefer nigerixit, u come the give them News on brexit? Who that one epp?
Re: How Will Brexit Affect Nigeria? by introvertme: 7:56am On Oct 29, 2019
helinues:
Brexit is not coming any time soon as UK were not well prepared when they voted in favour..

We should be expecting another extensions after Jan deadline ..

Only if the Brexit notion wont die should there be a new election or a new referendum

What kind of Bs is this?

When the election results didn't go the way of the remainers they started spreading lies and you happily re-echoed these lies.
Re: How Will Brexit Affect Nigeria? by Ladiesdoctor(m): 7:56am On Oct 29, 2019
It will not affect Nigeria in anyway.
It will affect those that worship oyibo anus

1 Like

Re: How Will Brexit Affect Nigeria? by pocohantas(f): 7:57am On Oct 29, 2019
DTeekay:
Can Nigeria leave Africa? Maybe that will solve our problem. This African mentality is bad for us.

#NIGEXIT

ECOWAS would have been a better analogy sha.

Our problem pass leaving any body. Na we hold ourselves.
Re: How Will Brexit Affect Nigeria? by witworth(m): 7:57am On Oct 29, 2019
there was a referendum won by the majority to decide brexit but just because the minority doesn't like the outcome of the election, they are now asking for another one also using delaying tactics against a so called democratic process. what is the power of the majority carry the vote then.
Democracy indeed
Re: How Will Brexit Affect Nigeria? by Nobody: 7:58am On Oct 29, 2019
fairfora:
Brexit would only affect or impact Nigerians positively. Massive brain drain is expected because most of the EU expatriates would leave the UK and that would in effect create vacuum amongst the ever-lazy Britons. GBP is now becoming weaker by the day and eventual Brexit would make it lose its values woefully. UK must exercise caution in this selfish move.
Wait till the British turn Africa into a semi colony and market to dump their products
Re: How Will Brexit Affect Nigeria? by Sterope(f): 7:59am On Oct 29, 2019
Those two years will not lead to residence permit for most students. They need labour to fill the unemployment gap for menial jobs.



Sunnycliff:
More commonwealth countries will be more likely to gain jobs in the UK. They have already amended their immigration law to extra two years after graduation for work and study cum residence permit.

Brexit will favour us
Re: How Will Brexit Affect Nigeria? by henryobinna(m): 7:59am On Oct 29, 2019
wheesin:
Will they carry the country from Europe to another country? I'm asking how you leave a continent union and still.be in the continent?
there's no such thing as 'continent union'. The EU is an economic union just like Ecowas. A large chunk of European countries are not part of the EU.
Re: How Will Brexit Affect Nigeria? by ibietela2(m): 8:00am On Oct 29, 2019
NO EFFECT
Re: How Will Brexit Affect Nigeria? by DonroxyII: 8:01am On Oct 29, 2019
helinues:
Brexit is not coming any time soon as UK were not well prepared when they voted in favour..

We should be expecting another extensions after Jan deadline ..

Only if the Brexit notion wont die should there be a new election or a new referendum
Election all over the world is not that simple ... for example: Brexit ;

How can approximately 52% seal the fate and faith of 48% .... ..... What happened to the interest of the 48%

Those who voted in favour voted emotionally and to me majority of them are semi-educated and Less informed .....

Now, the elites are finding it difficult to achieve favorable terms under Brexit ... EU ain't dumbass .....

What is favourable to EU will be less Favourable to UK (UK still want to maintain Royalty) ......

What is Favourable to UK will be less Favourable to EU (Belgium will not accept defeat) .... grin

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Re: How Will Brexit Affect Nigeria? by DTeekay(m): 8:03am On Oct 29, 2019
Lol!!! Seriously, some countries have natural disasters to deal with, some have no natural resources, some have low population and pay people to come to their country, some have very little land mass. Nigeria has none of these issues, then we create disasters that only Nigerians can create.

Like squandering $460million, Making Billions of Abacha loot disappear without infrastructure to show for the $Billions, getting tangled with fake companies in the P&ID case.

For crying out loud Abacha loot can build a world class health center in every community in Nigeria. But Nigerian natural disaster has happened to the money.
pocohantas:


ECOWAS would have been a better analogy sha.

Our problem pass leaving any body. Na we hold ourselves.
Re: How Will Brexit Affect Nigeria? by softtouch2(m): 8:07am On Oct 29, 2019
Brexit is a gamble.

Don't believe UK Conservatives when they said "The new immigration policy after Brexit with attract Skilled Immigrants"
One of the strongest forces that gave birth to Brexit is "...more robust IMMIGRATION policy"... EU laws has been preventing UK unleashing her new joker.

Here is the problem of orthodox British politicans like " the Tros", they wanted dominance on international scene, but other countries are wiser unlike pre-colonial era.

1 Like

Re: How Will Brexit Affect Nigeria? by Kevinsamba: 8:11am On Oct 29, 2019
Bros
The Anglo- American power still controls the world affairs
Just that the Brits have taken more of the back seat
Though China is one of the states with veto power
British influence on the UN and the world can't be over emphasized
Your right about the economic power though
Astark:
UK economic power is long gone.

USA, China control the world now
Re: How Will Brexit Affect Nigeria? by DonroxyII: 8:11am On Oct 29, 2019
dyydxx:


It would come by Dec 31st after Boris wins a majority in the Dec Election. This last gasp of remoaner parliament will be dissolved before friday and the Dec election will be secured and the wrath of the voters will be expressed in that Dec election
Don't be too sure .... The 48% that voted against the Brexit are the majority in Government ,the 52% have done their shitty jobs @referendum and exited ...... Now, it ain't easy to perfect the 52% !!
Re: How Will Brexit Affect Nigeria? by Zimbola7: 8:16am On Oct 29, 2019
helinues:
Brexit is not coming any time soon as UK were not well prepared when they voted in favour..

We should be expecting another extensions after Jan deadline ..

Only if the Brexit notion wont die should there be a new election or a new referendum

Balderdash
Re: How Will Brexit Affect Nigeria? by ecclize: 8:19am On Oct 29, 2019
i guess they don't have to balls?
Re: How Will Brexit Affect Nigeria? by OBUKOMENA: 8:20am On Oct 29, 2019
OP, thank you so very much for creating this thread. I have been looking for an opportunity to ask these questions about Brexit:


- What is the meaning of a deal Brexit?

- What is the meaning of a no-deal Brexit?


- What decision about Brexit made David Cameron to resign?

- What was Theresa May's stance on Brexit when she came in - a deal Brexit or a no-deal Brexit? What was it she couldn't achieve that led to her resignation?

- What is BJ's position on Brexit?

Thanks for your anticipated reply!
Re: How Will Brexit Affect Nigeria? by Zimbola7: 8:33am On Oct 29, 2019
helinues:


Boris that is having trouble within conservatives party. He may soon be a gunner like his predecessors

more trash

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