Beyond May And Merkel’s Visits To Buhari
Nigeria News takes a look at the visits of two powerful women, Theresa May and Angela Merkel to President Muhammadu Buhari.
In two days, two powerful women, the British Prime Minister, Theresa May and German Chancellor, Angela Merkel visited President Muhammadu Buhari at the Presidential Villa FCT, Abuja.
With their visits, some business pacts were signed but beneath this is a political undertone, which of course has necessitated the friendship at this time.
Since Britain exited from the European Union, the United Kingdom has been looking towards Africa, countries, among its former colonies to sell its business idea and rebuild its relationship that can help it develop its economy back home.
In the last few years, Britain has been exporting educational resources to Nigeria. Most of the educational institutions in the UK now have shops in Nigeria to enrol Nigerian candidates to study abroad.
Thousands of Nigerian youths, mostly the children of politicians and elites enrol in UK universities to study. The United Kingdom generates billions of dollars from selling education to Africa.
It will be a tough order for UK government to partner Africa on educational development in the continent. However, since BREXIT, Britain is seeking new ways to make money from Nigeria through bilateral agreement on foreign investment in the most populous black nation.
May came at a time Merkel also thought it wise to sign an agreement with Buhari on how to develop Nigeria’s agriculture and commerce.
While May signed pact on security and business, Merkel through the German-Africa Business Association signed an agreement with Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).
The United Kingdom, despite being the colonial master of about 21 African countries, has few investments in the continent compared to what China has. The Chinese have dominated the African economy in recent time. This has actually led to a currency swap between China and Nigeria.
As a matter of fact, Buhari jetted out to China shortly after he concluded bilateral meetings with May and Merkel. The Federal Government is more tilted to doing business with China in the area of infrastructural development.
To Nigeria, China looks sincere in its dealings than UK and Germany that are romancing the African nations to develop their economies than actually helping the Africa continent to develop.
May, among other things, wanted to see how the 2019 election in Nigeria would go. China is less concerned about who wins an election in Nigeria as far as the government in power is ready to formulate favourable policies for its business to grow.
Buhari knew May would be more interested in 2019 as he told her that the Federal Government would organize a credible, free and fair election.
He said, “I’m for free, fair and credible election.” Till now, millions of dollars stolen from Nigeria is stocked in the United Kingdom and other parts of Europe. The European countries should endeavour to repatriate looted Nigeria funds before signing pacts on business.
Though May said that the United Kingdom would not keep what belonged to Nigeria, this could be done not by signing a pact alone but ensuring that looted funds are repatriated.