1109 Views
1 Comments

Why I Refused To Sign ECOWAS’ Economic Partnership Agreement – President Buhari

President Muhammadu Buhari, Thursday in Abuja explained why he refused to sign Economic Partnership Agreement (EPA) among ECOWAS countries.

He said this was because of the need to protect the economy, especially the industries and small businesses that currently provide jobs for majority Nigerians.

Buhari spoke while receiving a Letter of Credence from the Head of Delegation of the European Union to Nigeria, Ketil Iversen Karlsen, at the State House, Abuja.

The President noted that the signing of the agreement will expose the industries and small businesses to external pressures and competitions, which could lead to closures and job losses.

“We are not enthusiastic about signing the EPA because of our largely youthful population. We are still struggling to provide jobs for them, and we want our youths to be kept busy.

“Presently, our industries cannot compete with the more efficient and highly technologically driven industries in Europe. We have to protect our industries and our youths,’’ he said.

Buhari, who commended the EU for its support for the rehabilitation of the North East, noted that the Nigerian economy was already being repositioned to attract more investments that will create jobs.

ALSO READ  Cristiano Ronaldo's Ex, Irina Shayk, Welcomes First Child With Actor Bradley Cooper

President Buhari said his administration will continually promote the culture of honesty and integrity in service, which will guarantee a better future for the youth.

“Our insistence on probity is to encourage people to be accountable, and accept honesty as a lifestyle so as to secure the future of our youths,’’ he said.

The President said more than 60 percent of Nigerians fall into the age category of youths and deserve to inherit a stable and prosperous country that they can be proud of, adding that the government will work assiduously to prevent waste and the depletion of resources by corrupt Nigerians.

In his remarks, Karlsen said the EU will continue to support President Buhari’s administration in the key priorities it listed; security, economy and the fight against corruption.

He said the EPA was designed to accommodate and protect some economies that would find it difficult to compete.

“We are hopeful that there will be a signature on the agreement,’’ he added.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

One Comment

  1. The President is right and I personally thank him for this. What readily comes to mind is EU before UK decided to quit because of unemployment of their youths and the bastardisation of the economy.
    A large number of EU countries bombarded UK taking up jobs considered less worthy by citizens and at the end they discovered that they have been edged out by their neighbours.
    If we had gone ahead, our other member countries would have bombarded us taking up the few available jobs at low wages thereby depriving our youths.
    However, the Government should urgently address this unemployment issue and pad it with commensurate remuneration to ginger and encourage our youths.

    Reply

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts

4 Non-Executives Appointed By Buhari For Central Bank Of Nigeria
Politics
48 views
Politics
48 views

4 Non-Executives Appointed By Buhari For Central Bank Of Nigeria

PH - June 22, 2018

On Friday, the appointments of four non-executive directors approved by President Muhammadu Buhari were for the Central Bank of Nigeria. The Permanent Secretary (General Services Office), Office of…

Oyo Female Gov. Aspirant, Bolanle Aliyu, Seeks Alaafin’s Blessing For 2019 Election
Politics
48 views
Politics
48 views

Oyo Female Gov. Aspirant, Bolanle Aliyu, Seeks Alaafin’s Blessing For 2019 Election

PH - June 22, 2018

Oyo State gets female aspirant running for governorship in 2019 as she seeks the Alaafin's blessing for her intention. The Oyo State female governorship aspirant, Bolanle Aliyu,…

Dayo Amusa Shows Discontent On Disrespect From Newbies In The Industry
Entertainment
49 views
Entertainment
49 views

Dayo Amusa Shows Discontent On Disrespect From Newbies In The Industry

PH - June 22, 2018

Nollywood actress Dayo Amusa has shown her discontent with where the movie industry is heading The actress took to her Instagram page to address the way newbies…

Mikel Obi Assured, Says Nigeria Will Push Through Even With The Poor Start
Sports
55 views
Sports
55 views

Mikel Obi Assured, Says Nigeria Will Push Through Even With The Poor Start

PH - June 22, 2018

Team captain John Obi Mikel assures Nigeria will reach the knockout phase of the World Cup despite their unimpressive start. Even after being defeated in the last match,…

Kwara State Government Grants N125m To Tertiary Institution After Going On Strike
Education
53 views
Education
53 views

Kwara State Government Grants N125m To Tertiary Institution After Going On Strike

PH - June 22, 2018

Mr. Abdullahi Alkinla, the State Commissioner for Tertiary Education, disclosed in a statement released on Thursday in Ilorin that the Kwara state government has released a sum of…

Agricultural Export Rises 24% In 3 Months
Agriculture and Farming
46 views
Agriculture and Farming
46 views

Agricultural Export Rises 24% In 3 Months

PH - June 22, 2018

Nigeria has seen its 2018 first quarter agricultural export risen by 24 percent as the country explore opportunities to earn substantial dollars through the non-oil export. The…

See Reasons Why Ministers Say Buhari Deserves To Be Re-elected
Politics
49 views
Politics
49 views

See Reasons Why Ministers Say Buhari Deserves To Be Re-elected

PH - June 22, 2018

On Thursday in Abuja, some of the cabinet ministers gathered to say, "President Muhammadu Buhari deserves to be re-elected to build on the development foundation he laid…

Free Deworming Drugs Distributed To Inmates In Nasarawa
Food and Health
68 views
Food and Health
68 views

Free Deworming Drugs Distributed To Inmates In Nasarawa

PH - June 22, 2018

Deworming drugs were offered for free to 567 inmates and 40 officers of Keffi Medium Prisons in order to improve their health by the Association of Community Pharmacists…

Nigerian Army Offers N5m Reward for Information on Bomb-Making Factories
Politics
62 views
Politics
62 views

Nigerian Army Offers N5m Reward for Information on Bomb-Making Factories

MT - June 22, 2018

  The army is making extra efforts to track down the terrorist group after its recent attacks. The Nigerian Army has offered a reward of N5 million…

Nigeria Receives Fund Of $6.5 million To Fight Corruption
Politics
67 views
Politics
67 views

Nigeria Receives Fund Of $6.5 million To Fight Corruption

PH - June 22, 2018

MacArthur announces $6.5m funding to advance anti-corruption efforts in Nigeria Seyi Gesinde Business News, Top News On Thursday, the John D. and Catherine T. MacArthur Foundation, announced $6.5…

Simple Tips that Helps Avoid Unecessary Spending
Business
70 views
Business
70 views

Simple Tips that Helps Avoid Unecessary Spending

MT - June 22, 2018

  The tendency to buy a product or service without planning in advance is known as impulse buying. It plays with your mind and a want becomes…

Interesting Facts About Hausa Tribe
Art, History and Culture
102 views
Art, History and Culture
102 views

Interesting Facts About Hausa Tribe

MT - June 21, 2018

Deep social changes have taken place among the Hausa tribe. Today's Hausa man is not just a peasant who constantly cultivates his field year after year, or…

4 Early Warning Signs of Osteoporosis – Do you have the “silent disease”?
Food and Health
88 views
Food and Health
88 views

4 Early Warning Signs of Osteoporosis – Do you have the “silent disease”?

MT - June 21, 2018

It’s often referred to as “the silent disease” for its ability to creep up on people over the course of several years. And yet, despite the fact…

2018 World Cup; Meet the Player Who Isn’t Allowed to Drink Same Water as Teammates
Sports
100 views
Sports
100 views

2018 World Cup; Meet the Player Who Isn’t Allowed to Drink Same Water as Teammates

MT - June 21, 2018

exico World Cup star Rafael Marquez isn’t allowed to drink the same water as his team-mates or even win the Budweiser Man of the Match award. That…

Nollywood Actress, Nkechi Blessing Sunday, Acquires A New Car
Entertainment
83 views
Entertainment
83 views

Nollywood Actress, Nkechi Blessing Sunday, Acquires A New Car

PH - June 21, 2018

The Nollywood actress Nkechi Blessing Sunday just acquired a new new Toyota Venza SUV, said to be worth N5.5 million. She recently proclaimed the purchase of her new car while…

Niger Government Approves N25m for Cholera Surveillance
Food and Health
80 views
Food and Health
80 views

Niger Government Approves N25m for Cholera Surveillance

MT - June 21, 2018

In order to continue with the ongoing surveillance on the outbreak of cholera and related diseases, the Niger Government has approved N25m for its Ministry of Health.…

Why Nigerians Are Not Allowed To Buy Smartphones On Contract
Best of Nigeria
80 views
Best of Nigeria
80 views

Why Nigerians Are Not Allowed To Buy Smartphones On Contract

MT - June 21, 2018

Smartphones are some of the items that appeal to the young generation more than anything else. Nowadays smartphone makers seem to be releasing new phones so often with…

Know More About Your Favourite Stars Chris Attoh and Damilola Adegbite
Entertainment
85 views
Entertainment
85 views

Know More About Your Favourite Stars Chris Attoh and Damilola Adegbite

PH - June 21, 2018

The marriage between Chris Attoh and Damilola Adegbite used to be a very beautiful one, but suddeenly things changed and no one knew what really happened between these…

Loading...