The effect of this decision is already being felt as the Pound took a nosedive on the world markets crashing to its lowest in 31 years as investors went into panic mode. Most of them had been betting on the UK voting to remain in the EU. Most markets have also gone into panic as no one can say exactly how far-reaching the ramifications of this decision will be on the World Economy.
Politically, Prime Minister David Cameron has just announced his resignation, as he was in the camp that voted to remain. The vote is seen as a vote of no confidence in him.
Also according to the result, Scotland which last year held a referendum on whether to remain in the UK, voted massively to remain in the EU. The question on everyone’s lips is what would the Scottish do. Will they ask for a new referendum to now leave the UK again?
More to come, especially as this concerns Nigeria.
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