The vote for the exit of United Kingdom from European Union (EU) is no longer breaking news, but the echoes of the potential effects are continuing to reverberate. Some of the immediate effects include the tumbling British Pounds Sterling, the falling stocks in global markets and the fears of what will become of age-old agreements. There have also been reports of Britons collecting signatures to upturn the vote to exit EU. Over time union states/nations have been broken or gone into extinction, new ones had followed and the existing union of nation states are in one part of the spectrum or the other (either growing still or dying off). This means dynamism and like everything in nature always changing. For every union, there is a time for birth, for growth and also a time for it to die. Who knows, this may be a time for death or even a rebirth of the EU because the exit of the UK may actually bring other remaining member states together to work on improving and transforming the organization.
Though the initial fallout has caused problems in the global market, poorer nations in Africa, South America, and Asia may be able to work on identifying potential pros from their own perspective. A potential pro for the exit could be from the trading stand point. Specific to Nigeria, the longstanding relationship between Nigeria and the UK could mean direct trade initiatives with respect to those areas that will be of benefit to the two nations, likewise Nigeria could also fashion the same arrangement with the EU.
Finally, the UK in a sense has had 2 referendums recently. The Scottish referendum of staying or exiting the UK was the first, followed by the most recent one of UK staying or exiting the EU. From the political standpoint, Nigeria may “piggyback” on this. Since the military junta days of former heads of state Ibhrahim Babangida and Sani Abacha in particular, most Nigerians have noted how our union has not worked, but the subsequent democratic governments have shied away from a referendum of asking Nigerians a simple question: “Do we want Nigeria the way it is (that is, Nigeria a state owned by the government) or do we want a new Nigeria owned by the people?” If the vote for a new Nigeria wins, then we should have a conference of ethnic nation states in Nigeria to determine what all Nigerians want from a Nigeria owned by the people. This is the only sure remedy to the simmering breakdown in the union which is already very evident. If we go through history, we will note that in death or breakdown of unions it has been either by choice, hence violence-free or by force with a high price of violence when the powers of state prevent a free choice of the people. We applaud the British for their choice and hope in the end it works for everyone.