1450 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  Photos Of Top Celebrities That Rocked MTV Movie Awards 2017 Red Carpet In The Most Suave Outfits!

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

iPhone XS Max: All You Need to Know About the Biggest and Most Expensive iPhone Ever
Technology
52 views
Technology
52 views

iPhone XS Max: All You Need to Know About the Biggest and Most Expensive iPhone Ever

MT - September 18, 2018

The legendary co-founder of Apple, Inc., Steve Jobs, detested big phones and wouldn’t produce them. His successor, Tim Cook, apparently felt differently; borrowed a leaf from Samsung’s…

Top 7 Most Beautiful Ladies In Nigeria
Best of Nigeria
1276 views
Best of Nigeria
1276 views

Top 7 Most Beautiful Ladies In Nigeria

MT - September 18, 2018

There are a lot of girls with the brilliant faces, who work as models and get the titles on various model competitions. So who is the most…

Check Out Top 7 Most Expensive Places To Live In Lagos
Holiday and Travels
1249 views
Holiday and Travels
1249 views

Check Out Top 7 Most Expensive Places To Live In Lagos

MT - September 18, 2018

With property and living costs on the rise, expensive estates springing up in all parts of the city, the development of Lagos into a mega city has…

Check Out The List Of Top 7 Celebrities Who Were Allegedly Ruined By Drugs And Alcohol
Entertainment
772 views
Entertainment
772 views

Check Out The List Of Top 7 Celebrities Who Were Allegedly Ruined By Drugs And Alcohol

MT - September 18, 2018

Here is a list of top 7 celebrities who were ruined by alcohol and drugs by Fabinfos.com. This stars got themselves addicted in alcohol and drugs, ending…

Amazing: SEE The Beautiful Mini Jeep Made By A Nigerian Man, Andy Acka (Photos)
Best of Nigeria
75 views
Best of Nigeria
75 views

Amazing: SEE The Beautiful Mini Jeep Made By A Nigerian Man, Andy Acka (Photos)

MT - September 18, 2018

Nigerians need no introduction as they excel beyond expectations anywhere they are in the world. An average Nigerian is smart, tenacious and can see inspiration in what…

Meet The Man Who Rode Bicycle From Morocco To Nigeria (Photos)
Inspiring
56 views
Inspiring
56 views

Meet The Man Who Rode Bicycle From Morocco To Nigeria (Photos)

MT - September 18, 2018

A cyclist who is reported to be a Moroccan has ridden his bicycle from Morocco to Nigeria and is set to embark on a new journey to…

Adorable Video Of A 7-Year-Old Girl Bathing Her Newly Born Sibling
Inspiring
64 views
Inspiring
64 views

Adorable Video Of A 7-Year-Old Girl Bathing Her Newly Born Sibling

MT - September 18, 2018

This trending video of a 7 year old girl bathing her newly born sibling was shared by the father of the children on Facebook. Nigerians on social…

REVEALED: How Ex-President Obasanjo Ran NNPC As ‘One-Man Business’ For Good 8 Years
Business
56 views
Business
56 views

REVEALED: How Ex-President Obasanjo Ran NNPC As ‘One-Man Business’ For Good 8 Years

PH - September 18, 2018

A new book has told of how ex-President Olusegun Obasanjo ran the Nigerian National Petroleum Corporation (NNPC) as a “sole administrator” for the eight years he led…

Full List of the 2018 AWIEF Awards Finailists
Business
57 views
Business
57 views

Full List of the 2018 AWIEF Awards Finailists

PH - September 18, 2018

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has officially announced the finalists for AWIEF Awards 2018. The aim of the AWIEF Awards is to promote excellence in entrepreneurship…

“These Are Very Challenging Times For Our Country” – New Finance Minister, Zainab Ahmed
Business
71 views
Business
71 views

“These Are Very Challenging Times For Our Country” – New Finance Minister, Zainab Ahmed

PH - September 18, 2018

Newly appointed overseer of the finance ministry Zainab Ahmed who takes over from Kemi Adeosun assumed office on Monday. Adeosun resigned after it was revealed her National Youth Service Corps (NYSC) exemption certificate was forged.…

WATCH: This BBC Documentary Follows Children Sold To Repay Debts In Cross River
Art, History and Culture
54 views
Art, History and Culture
54 views

WATCH: This BBC Documentary Follows Children Sold To Repay Debts In Cross River

PH - September 18, 2018

It had sounded bizarre the first times news of it broke in the media, and it sounds bizarre still: children sold off to repay debts. A culture…

7 Sure Ways To Keep Your Bank Account Secure
Best of Nigeria
70 views
Best of Nigeria
70 views

7 Sure Ways To Keep Your Bank Account Secure

MT - September 18, 2018

The risk of a fraudster accessing your bank account through the card you use at the ATM or a shop terminal is very real. In fact, card…

Why I Will Stop My Daughter From Acting – Veteran Actress, Monalisa Chinda Reveals
Entertainment
73 views
Entertainment
73 views

Why I Will Stop My Daughter From Acting – Veteran Actress, Monalisa Chinda Reveals

MT - September 18, 2018

The joy of every parent is to see his or her child walk in his or her footsteps or choose the same career after them, but for…

In Photos: Davido Lies Flat On The Floor To Greet Uncle, Senator Ademola Adeleke After Campaigning In Osun
Entertainment
103 views
Entertainment
103 views

In Photos: Davido Lies Flat On The Floor To Greet Uncle, Senator Ademola Adeleke After Campaigning In Osun

MT - September 18, 2018

Apart from being a strong supporter of the gubernatorial ambition of his uncle, Ademola Adeleke, pop star, Davido is also very fond of the man. Apparently! The…

How I Raised $1 Million To Free My Brother From Kidnapper Evans
Politics
84 views
Politics
84 views

How I Raised $1 Million To Free My Brother From Kidnapper Evans

PH - September 18, 2018

Mr Edwin Udoji, a witness in the on-going trial of billionaire kidnapper Chukwudumeme Onwuamadike,alias Evans, yesterday told a Lagos High Court sitting in Igbosere how he raised…

Top 7 Best Private And Government Hospitals in Nigeria
Best of Nigeria
1385 views
Best of Nigeria
1385 views

Top 7 Best Private And Government Hospitals in Nigeria

MT - September 17, 2018

You will definitely agree with me that the Nigeria health sector has been seriously dilapidated and this has really debilitated the well-being of average Nigeria. Though our…

Lagos Ranked 8th Most Expensive City In Africa, 47th In The World; According to Mercer
Best of Nigeria
98 views
Best of Nigeria
98 views

Lagos Ranked 8th Most Expensive City In Africa, 47th In The World; According to Mercer

MT - September 17, 2018

Lagos has been ranked 42nd most expensive city to live in the world and 8th in Africa in a 2018 global cost of living survey by mercer.…

WATCH “I Am Nigerian” Documentary Series
Business
96 views
Business
96 views

WATCH “I Am Nigerian” Documentary Series

PH - September 17, 2018

Nothing depicts Lagos better than its yellow buses and their conductors. But not nearly enough is known about these people. I Am Nigerian, a documentary series, gives…

Loading...