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Theresa May in Africa
How real are the trade opportunities?
Our Chairman Jim O'Neill answers the question on #r4today this morning
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‘Let's put it in perspective, Nigeria is currently worth less than half a trillion dollars - the three countries the PM is going to are smaller than Spain - so the idea that this is some sort of great alternative to leaving the EU is pretty silly.’ Jim O’Neill tells #r4today
‘However, in my view, we should be trying to do these kinds of things whether we're in the EU or not. If you look at the next 30 years, the potential for trade with Africa - particularly Nigeria which is 20% of the population of the whole continent - is enormous.’
‘I have to say in that regard, reading the prime minister's speech, it's the first time I've seen a really powerful Global Britain speech since they've been banging on about the idea.’
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