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
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‘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.’
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‘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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