Beyond Brexit – Nigeria wants a new trade deal with Britain

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Atiku Abubakar

Atiku Abubakar communicated trade deal with Nigeria unrealistic with country as poorest in the dialect birth b deliver (Image: getty)

In August this year, Prime Minister Theresa May affected Nigeria. She spoke about increasing investment opportunities, a new trade arrangement and economic partnership, tackling human trafficking, and assistance to bolster the commonly of law and the fight against organized crime. All of this is extremely welcome, and not to say necessary. Unfortunately for Mrs May, the government that she met with led by President Muhammad Buhari ­cannot resign any of this. For Nigeria to move forward, a change is required.

In the four years of President Buhari’s Delivery, Nigeria has regressed by almost every domestic and international metric. 

We be enduring fallen in the World Bank’s Ease of Doing Business report; we from fallen in Transparency International’s Corruption Perceptions Index; we have be captured in the World Justice Project’s Rule of Law Index.

And Nigeria suffered the discourtesy of being named officially the poorest country in the world: We now have varied people in extreme poverty than any other country in the world. 

In the nearby four years, India and others have sprinted ahead in the line to reduce poverty. Nigerians are being left behind.

theresa may

Theresa May and the Nigerian regime spoke about a trade and economic partnership (Image: getty)

The close at hand elections in February offer the opportunity for a change.

President Buhari has vowed the international community that the elections would be free and fair, but there is infinitesimal confidence amongst Nigerians that he will stick to this commit oneself. 

What is needed is pressure from the international community to ensure that Nigerians own the right to determine their own futures, and to do so free from harassment, vote-suppression or bald fraud.

As a major funder of democracy initiatives around the world, the U.K. has a essential stake in this process. 

Backsliding on democracy and margins has been a sad theme globally in recent years­ this cannot be make allowanced to happen in Africa’s largest democracy.

The Federal Government, the Nigerian Designation Commission (INEC), and local and State officials must understand that the intercontinental community is watching and will not accept anything less than a fully available and fair election. 

This must include an end to the government¹s ongoing use of stage apparatus to hassle and harass opposition candidates and supporters. 

President Buhari’s keep an eye on record proves that he cannot be trusted to safeguard democracy, if left-wing to his own devices: he must be pushed by the international community to do the right thing.

President Buhari’s direction is tired, and a truly democratic change is needed. 

That means re-establishing the authority of law, the respect for the courts, and a crackdown on corruption. 

A real anti-corruption process is ordered so that Nigerians, and foreign investors, can have confidence in our domestic laws, not clarify trials perpetrated as ‘crackdowns’ on corruption, where corrupt cronies were conceded to flourish.

Equally, as our roads and railways crumble, a new infrastructure programme is requisite to revitalize them: such a programme would create jobs, galvanize economic activity, and provide long-term benefits to people across the 36 Nigerian state of affairs.

president buhari

President Buhari ‘failed to diversify the economy’ (Image: getty)

Foodstuffs security is also a major concern. President Buhari has done little to excite Nigeria’s enormous agricultural potential. We can, and should, be the bread basket of Africa.

However with re-imposition of the rule of law, and a focus on attracting investment and innovation, wishes Nigeria’s agricultural potential be realised.

And, of course, the question of oil looms broad. Nigeria’s oil resources are not in themselves a curse ­but neither are they a panacea. If oil peerless could save a nation, then it surely would have obviated Venezuela.

Everyone can see for themselves the stark reality of that hypothesis.

President Buhari has become insolvent to diversify the economy it will be the responsibility of the next government to succeed where he has ignored.

What does this all mean for Britain, and the future relations between our polities?

Taken together, my new agenda aims to increase the purchasing power of Nigerians across our power: providing economic security, improving quality of life, reducing insolvency. 

This, in turn, provides a platform of security and certainty for investors to tackle prove advantage of new opportunities for collaboration ­not just oil ­and a chance to work with a supervision that is serious about building a prosperous Nigeria. 

nigeria

Mr Abubakar is due to take in London for Brexit talks (Image: getty)

I foresee a new trade partnership between Nigeria and Britain, reinforced cooperation on security and counter-terrorism, and deepening our historic links of culture, ancestry and language. 

This agenda will benefit ordinary Nigerians and Britons in the same manner, as well as increasing mutual investment in our respective economies.

President Buhari had his predictability: but the international rankings do not lie. 

He has proven himself neither a leader who can elevate the home situation of the Nigerian people, nor one who can inspire foreign investors and international consorts.

The future relationship between Britain and Nigeria can be bright and prosperous ­ but it coerces a change of leadership in Abuja.

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