NACCIMA throws weight behind govt on EPA
The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said it is in support of the decision of the federal government not to append its signature on the Economic Partnership Agreement (EPA) sponsored by the European Union (EU).
The national president of the association, Dr Bassey Edem, said in a meeting with the Minister of Industry, Trade and Investmen,t Dr Okechuckwu Enalamah, in Abuja that Nigeria’s bid to diversify the economy will be defeated if the agreement is signed and Europe is allowed to dump all manner of products on the country.
He said what Nigeria needed at the moment is to build its industries where its abundant raw materials can be processed from start to finish for local consumption and also for export.
Edem posited that signing the EPA will send cottage industries in Nigeria to their untimely death added that the desire of the government to create jobs will also become a mirage while capital flight and export of jobs will continue.
His words, ‘’The most important need of the country now is for us to diversify the economy, build our industries as no country can survive without industrialisation. The implication of the EPA is that Europe will begin to dump all sorts of products on us and that will kill our local industries that we are still struggling to build and the truth is there is no way our industries can compete with them’’
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