- President Muhammadu Buhari has responded to the UK's recent Brexit deal with the EU
- President Buhari said that the new agreement will open doors of opportunities for all Commonwealth nations
- The Nigerian leader said that the deal will offer Nigeria a chance to better relate with the UK in ways that benefit both countries economically
President Muhammadu Buhari has expressed his views on the economic consequences the United Kingdom (UK)'s disengagement from the European Union (EU) will have for Nigeria.
As he congratulated UK for its brave move in setting new terms for its relationship with the EU, President Buhari said that this will definitely open a great window of opportunity for all Commonwealth nations and Nigeria in particular.
He said that a free trade agreement will positively change the relationship between the UK and Nigeria which, before now, has been affected by ties with the EU.
The president said that Nigeria has a lot to offer the UK both in terms of human and natural resources, making particular reference to oil and gas.
On the part of Nigeria, the president said that the UK's engagement in the nation's economy will definitely bring about wealth generation through the creation of jobs especially in the areas of agriculture and manufacturing.
However, the president said that with the new Brexit deal, one should not expect an economic miracle to happen in the Commonwealth, but that with better understanding and stronger ties, nations on the platform should forge helpful regulations on trade and investment.
He pointed out that one way to bring about an economic boom among the nations is a drastic reduction of visa restriction and customs barriers.
Read the president's full statement in the tweet below:
Earlier, Legit.ng reported that the UK's prime minister had signed the much-awaited deal for the British government to leave the EU.
Based on the new agreement, the UK is to break economic ties with the EU starting from Friday, January 31. Johnson described the move as one that will open a monumental and new chapter in the history of the nation.
He said: "The signing of the Withdrawal Agreement is a fantastic moment, which finally delivers the result of the 2016 referendum and brings to an end far too many years of argument and division.
"We can now move forward as one country - with a government focused upon delivering better public services, greater opportunity and unleashing the potential of every corner of our brilliant United Kingdom, while building a strong new relationship with the EU as friends and sovereign equals."
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