Headlines
Atiku says redesigned naira note should have Obasanjo’s image

The presidential candidate of the Peoples Democratic Party (PDP) for the 2023 general elections, Atiku Abubakar says one of the three naira notes about to be redesigned should have the image of former President Olusegun Obasanjo.
Atiku, in a string of tweets on Saturday, also saluted the 85-year-old elder statesman and African Union’s mediator for leading peace talks between the Ethiopian Government and Tigrayan rebels after two years of devastating conflict that have claimed thousands of lives and left millions needing aid in Africa’s second-most populous country.
Prime Minister Abiy Ahmed’s government and Tigray People’s Liberation Front (TPLF) had in a statement this week agreed to “permanently silence the guns” and end the two years of conflict in northern Ethiopia.
The conflict erupted on November 4, 2020, when Nobel peace laureate Abiy sent troops into Tigray after accusing the TPLF, the regional ruling party, of attacking federal army camps.
Atiku, on Saturday, celebrated the “extraordinary prowess” of Obasanjo in bringing peace to Ethiopia.
Read Also: CBN to retain Arabic signs in redesigned naira notes – Emir Sanusi
“I am not surprised. I know my boss. He did the same thing in Liberia and São Tomé and Príncipe during our time in office,” the PDP candidate said. Atiku was Nigeria’s Vice-President between May 1999 and May 2007 when Obasanjo was a democratically elected President. Obasanjo and Atiku’s second term in office was not smooth but the two would later resolve their differences.
“If for nothing else, he is most deserving of a Nobel Peace Prize, and I will nominate him when entries are open for nominations.
“Africa is blessed to have a statesman of such impeccable democratic credentials as Chief Obasanjo. A man whose image ought to be in the redesigned Naira note to inspire future generations of Nigerians to sacrifice for their nation and continent,” he added.
On October 26, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said the apex bank will issue redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.
Atiku and other frontline presidential candidates like Bola Tinubu of the All Progressives Congress (APC) and Peter Obi of the Labour Party (LP) have visited Obasanjo at his Abeokuta residence in the last couple of months. However, the former military head of state has not endorsed any candidate.
Atiku says redesigned naira note should have Obasanjo’s image
Headlines
China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).
The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.
Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.
The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.
Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.
Headlines
Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.
Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.
“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”
He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.
Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.
In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”
He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.
Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.
Headlines
Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.
Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.
“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”
The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.
Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.
“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.
The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.
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