Imports from Europe to West Africa are worth approximately €31 billion annually, while West Africa's exports to the EU account for €37 billion, a situation Arrion said would benefit Nigeria immensely, especially if the nation's transparency image was considered improved in the eyes of the international community.
Nigeria's House of Representatives has cautioned the Federal Government on the Economic Partnership Agreement (EPA) with the European Union (EU), #
EPAs are trade and development agreements negotiated between the EU and African, Caribbean and Pacific (ACP) partners engaged in regional economic integration processes, aimed at promoting trade and investment, sustainable development and poverty reduction.
Arrion said the federal government should extend its anti-corruption crusade to the private sector because graft in the sector has serious implication on the Nigerian economy. (SH)
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