"[The Common migration policy is] a colossal change that opens the EU to levels of immigration from Africa and elsewhere that are unimaginable," Farage said in Strasbourg.
The eurosceptic leader called on EU authorities to emulate Australia's tough approach to limiting migrants from gaining access to their countries.
"Stopping the boats is the only sure fire way of stopping the drowning," he stressed.
Earlier in April, about 900 migrants drowned in the Mediterranean while heading to the European Union from Africa. The tragedy, the largest Mediterranean death-by-drowning incident in decades, and other similar incidents caused the bloc to reassess its strategy on the issue.
On April 23, the meeting of the European Council agreed to boost funding for search and rescue operations in the region, counter smuggling operations and deploy immigration officers in countries outside the EU borders.