House of Representatives has said it will investigate Nigeria’s partnership with the European Union in respect to the implementation of the Economic Partnership Agreement entered by both parties.
It has, therefore, mandated its Committee on Commerce and Industry to carry out a comprehensive probe on the allegation.
The resolution followed a motion moved by Hon. Segun Adekola on the floor of the House.
Giving insight on the motion, Hon. Adekola said 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 was being resisted by the real sector operators of the Nigerian economy.
He expressed worry that a full implementation of the agreement might amount to economic suicide on the part of Nigeria as many industries would close down, while locally made products would not be able to compete with goods from Europe and other developed economies.
Hon. Moyeed Alabi expressed fear that Nigeria might not gain from the agreement rather other countries would capitalised 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”.
After amending the initial prayers of the motion as suggested by Hon. Leo Ogor, the House referred the motion to its Committee on Commerce and Industry to carry out the probe and report back within four weeks.


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