Economist Warns Nigeria-UK Port Deal Will Increase National Debt Burden
An economist, Professor Akpan Ekpo, has expressed strong concerns that the recently signed Memoranda of Understanding (MoUs) between Nigeria and the United Kingdom, particularly regarding port rehabilitation, will not benefit Nigeria. Instead, he argues it will leave the country in deeper debt. Ekpo made these remarks during an appearance on Arise Television, where he criticized the deal as reinforcing Nigeria's neo-colonial status.
Criticism of the Port Rehabilitation Agreement
Ekpo emphasized that the British government has cleverly turned economic diplomacy to its advantage. He stated, "The rehabilitation deal for Apapa and Tin Can ports will only benefit the British economy. It will revitalise their ailing steel industry and enhance their banks, leaving Nigeria in debt. Even the job creation will benefit the British, not Nigerians." He further explained that all equipment needed for the port renovations would come from the UK, minimizing gains for Nigeria. Ekpo suggested that experts from Nigeria's Investment Promotion Commission should have been more involved in the negotiations to ensure better terms for the country.
Senator Jimoh Ibrahim Praises Tinubu's Diplomatic Engagement
In contrast, Senator Jimoh Ibrahim, Chairman of the Senate Committee on Inter-Parliamentary Affairs, commended President Bola Tinubu for his recent state visit to the UK. In a statement issued in Abuja, Ibrahim described the visit as a strategic move that reinforces Nigeria's global relevance during a time of evolving international relations. He noted that the current geopolitical climate requires deliberate and collaborative diplomatic strategies, and Tinubu's engagement demonstrates Nigeria's readiness to navigate this with foresight. Ibrahim also highlighted the significance of Tinubu's interaction with the British monarchy under King Charles III, reaffirming historical ties between the two nations.
Lawyer Femi Falana Raises Human Rights Concerns
Lawyer and activist Femi Falana (SAN) also criticized the agreements, particularly the Migration Partnership Agreement. He argued that this agreement, aimed at fast-tracking the return of Nigerians without legal right to remain in the UK, risks sacrificing due process and human rights. Falana pointed out that using 'UK letters' for deportations is not a substitute for proper travel documents and could lead to wrongful or arbitrary removals. He stated, "The Agreement lacks fair trial guarantees and is inconsistent with the Nigerian Constitution, as it appears to facilitate removals without ensuring individuals have a meaningful opportunity to challenge their deportation." This raises concerns about constitutional safeguards and the verification of citizenship.
Details of the Signed Agreements
During President Tinubu's state visit to the UK, three MoUs were signed to strengthen bilateral cooperation. These include:
- A migration partnership to expedite the return of Nigerians with no legal right to remain in the UK, including failed asylum seekers and foreign criminals.
- Cooperation on organised immigration crime and border security.
- A statement of intent to expand business visas for UK companies operating in Nigeria.
While proponents see these as steps toward enhanced border control and economic ties, critics like Ekpo and Falana warn of potential negative impacts on Nigeria's economy and human rights standards.
