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Uk Nigeria Trade Partnership

House calls for halt to implementation of agreement

March 19, 2024
in News
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The House of Representatives has urged the Federal Government through its Ministry of Industry, Trade, and Investments to immediately halt the signing and implementation of the trade partnership with the United Kingdom.

The house said the agreement should stop until the terms and conditions governing it were fully examined and ascertained.

The resolution followed the adoption of a motion by Kingsley Chinda (PDP-Rivers) at plenary in Abuja on Tuesday

Moving the motion, Chinda noted that the economic and trade partnership between the United Kingdom and Nigeria was aimed at exploring new opportunities in key sectors like energy, legal, and financial services.

But he complained that the legal aspect of the trade deal appeared lopsided mainly in favor of the UK to the detriment of qualified Nigerian lawyers.

The agreement sought to allow UK lawyers to enter the Nigerian legal space and practice but not vice versa.

He acknowledged that while the deal seeks to foster collaboration between the film and media industries in the UK and Nigeria, it does not cater for the interests of Nigerian lawyers.

He added that there were no such provisions or opportunities for them to practice their trade in the UK.

The Lawmaker argued that while it was good for Nigeria to enter into partnership deals with other countries, such deals must be seen to promote, preserve, and protect the interests of the generality of Nigerians

He called on the house to urgently investigate the trade deal between the UK and Nigeria to ascertain the terms and conditions.

“Unless immediate steps are taken to investigate the issue, Nigeria may unwittingly be entering into a deal whose terms and conditions may be unfavorable to the country.”

Adopting the motion, the house mandated its Committee on Treaties, Protocols, and Agreements to investigate the matter and report back within four weeks for further legislative action.

(C) ControlTV 2024.

 

 

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