Abuja - The decision of Britain to pull out of the European Union will undoubtedly have a negative impact on Nigerians as the country is a member of the British Commonwealth, Naij reports.
Nigeria has strong economic ties to Britain with it being the second largest largest trading partner in Africa, behind South Africa.
Economic experts now say that Brexit will have a rippling effect on countries outside of United Kingdom borders with many markets already showing losses on stock markets.
Also read: Also read: David Cameron announces resignation following Brexit vote
The UK markets will now invariably shrink which will impact its foreign investment policies that could see it cut back on investing on Nigerian businesses.
Brexit will bring about tougher immigration policies affecting anyone hoping to relocate to the UK as well as the 2 million migrants already in the country.
Nigerian business owners will also be less interested in investing in UK business without access to the lucrative EU market.
According to reports by The Telegraph, British Prime Minister David Cameron has resigned following Britain's shocking decision to leave the European Union.
- News24 Nigeria