The British High Commissioner in Nigeria, Mr. Paul Arkwright, has predicted that Nigeria will over take the US to become the 3rd largest economy by 2050.
He made the prediction while delivering a lecture as part of activities to commemorate the 40th anniversary of the Nigerian British Chamber of Commerce, NBCC, in Lagos state.
The lecture was entitled: “Nigeria-British Relations: The Next 100 Years."
“By 2050, Nigeria will be the third biggest country in the world as it will overtake the USA to join China and India as the three biggest countries," he said.
“Second, Lagos, Africa’s fifth largest economy in 2016, will become more important in the coming years as African example of how to break down barriers to doing business and bring in foreign investment.”
He also announced the introduction of same day visa to Nigerian by the UK government, a program which will ensure Nigerians can secure visas to the UK the same they they applied for it or wait for 5 days before getting it- at a fee.
Mr. Paul Arkwright, also said the embassy has also reduced the maximum turnaround time for all classes of visa application to 15 days.
According to him,
“In 2016, around 140,000 Nigerians applied for visas to the UK. Of those that applied for student visas, 90% were successful. For those that applied for other visas, around 70% were successful. There are as many as 250,000 Nigerian nationals or dual Nigerian-British nationals living in the UK at the moment. Some claim the total Nigerian Diaspora in the UK is well over a million. We want Nigerians to come to the UK. They come to do business, to study, to see family and to invest in our economy.
“We have introduced a same day visa service – at a cost – for visas in Nigeria. We have also introduced a service that can mean you get a visa within 5 days, at a lower cost than the same day process. Our turnaround time for all other visas is 15 days. The key thing, however, is that all visitors to the UK – whether they are from Nigeria or anywhere else – must respect the law and the length of time their visa says they can stay in the UK,” Arkwright said.
The lecture was entitled: “Nigeria-British Relations: The Next 100 Years."
“By 2050, Nigeria will be the third biggest country in the world as it will overtake the USA to join China and India as the three biggest countries," he said.
“Second, Lagos, Africa’s fifth largest economy in 2016, will become more important in the coming years as African example of how to break down barriers to doing business and bring in foreign investment.”
He also announced the introduction of same day visa to Nigerian by the UK government, a program which will ensure Nigerians can secure visas to the UK the same they they applied for it or wait for 5 days before getting it- at a fee.
Mr. Paul Arkwright, also said the embassy has also reduced the maximum turnaround time for all classes of visa application to 15 days.
According to him,
“In 2016, around 140,000 Nigerians applied for visas to the UK. Of those that applied for student visas, 90% were successful. For those that applied for other visas, around 70% were successful. There are as many as 250,000 Nigerian nationals or dual Nigerian-British nationals living in the UK at the moment. Some claim the total Nigerian Diaspora in the UK is well over a million. We want Nigerians to come to the UK. They come to do business, to study, to see family and to invest in our economy.
“We have introduced a same day visa service – at a cost – for visas in Nigeria. We have also introduced a service that can mean you get a visa within 5 days, at a lower cost than the same day process. Our turnaround time for all other visas is 15 days. The key thing, however, is that all visitors to the UK – whether they are from Nigeria or anywhere else – must respect the law and the length of time their visa says they can stay in the UK,” Arkwright said.
Nigeria's Economy Will Overtake US by 2050 - UK High Commissioner says
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