By Alex Okoro

OrderPaperToday – The House of Representatives Wednesday mandated its committee on Commerce and Industry  to carry out a probe to ascertain the true nature of the implementation of the  Economic Partnership Agreement between the European Union and Nigeria.

The resolution followed a motion sponsored by Mr. Segun Adekola during plenary session.

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Mr. Adekola noted that a recent push by the European Union to further expand the frontiers of its economic relations with Nigeria through the implementation of the Economic Partnership Agreement is being resisted by the real sector operators of the Nigerian economy.

He expressed worries that a full implementation of the agreement may amount to economic suicide on the part of Nigeria as many industries will close down while locally made products would not be able to compete with goods from Europe and other developed economies.

Other lawmakers like Mr. Moyeed Alabi who contributed on the debate said Nigeria may not gain from the agreement rather other countries would be capitalizing on her population.

According to Alabi, “what is Nigeria going to gain from the Economic Partnership Agreement? Rather, other countries want to partner Nigeria because of our population. What we can do is rather than concentrating on industry, we should call our committees to look into it.”

The House after amending the initial prayers of the motion as suggested by Mr. Leo Ogor, unanimously agreed and urged its committees on Commerce, Corporation and Integration to carry out the probe and report back within four weeks.



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