With the exit of the United Kingdom from the European Union, the stage is set for a new trade regime between the UK and its old partners like Nigeria, as well as an alignment with new trading partners.
This is the thinking of President Muhammadu Buhari as contained in a statement issued by his spokesman, Garba Shehu, on Monday.
This is inevitable, in the understanding of the President, who had earlier outlined the opportunities presented by Nigeria and other nations of the Commonwealth in the emerging trade scenario occasioned by the Brexit.
“It is therefore heart-warming that Prime Minister Boris Johnson also believes that indeed, a new dawn awaits the United Kingdom in its trade relationship with countries within the Commonwealth, Nigeria inclusive as reflected in his speech earlier Monday in Greenwich.
“President Buhari, while writing on, A new case for a Commonwealth based on trade, on the eve of the ‘UK- Africa Investment Summit’ in London in January, had said: ‘I – like many other Commonwealth leaders – also seek a new settlement: not only of closer relations between the UK and my own nation, but of unleashing trade within the club in which we together shall remain’.
“With a population of nearly 200 million made of largely of vibrant and energetic young men and women brimming with ideas, and being the largest economy in Africa, Nigeria looks forward to a trade engagement with the United Kingdom which will undoubtedly present for Nigeria and indeed the Commonwealth a mutually benefiting dawn.
“President Buhari is therefore optimistic that the forthcoming Commonwealth meeting in June promises to be one to look forward to by all participants”, the statement added.