In this paper, we introduce an iterative process for finding the common element of the set of fixed points of a nonexpansive mapping, the set of solutions of an equilibrium problem and the set of solutions of the variational inequality for monotone, Lipschitz-continuous mappings. The iterative process is based on the so-called extragradient method. We show that the sequence converges strongly to a common element of the above three sets under some parametric controlling conditions. This main theorem extends a recent result of Yao, Liou and Yao [Y. Yao, Y. C. Liou and J.-C. Yao, "An Extragradient Method for Fixed Point Problems and Variational Inequality Problems," Journal of Inequalities and Applications Volume 2007, Article ID 38752, 12 pages doi:10.1155/2007/38752] and many others. [ABSTRACT FROM AUTHOR]