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Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay.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.
Headlines
FG, UNIDO partner to strengthen Nigeria’s industrial future

The Federal Government has signed a Programme for Country Partnership (PCP) agreement with the United Nations Industrial Development Organisation (UNIDO) to drive Nigeria’s industrial transformation.
At the signing ceremony in Abuja on Wednesday, the Minister of State for Industry, Sen. John Enoh, emphasised the significance of the agreement in repositioning the country’s industrial sector.
Enoh said that the partnership aligned with Nigeria’s commitment to rebuilding its industrial base to achieve structural economic transformation.
He said that the Industrial Revolution Work Group (IWG) had been inaugurated to coordinate the revitalisation of key industrial assets and value chains.
According to Enoh, the partnership comes at a time when Nigeria is moving with clarity and urgency to rebuild its industrial base.
He said that it would boost economic growth, and also ensure structural transformation that empowers the people and reduces dependency on primary exports.
Enoh said that the IWG, which he co-chaired with the President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, was a stakeholder platform designed to address systemic bottlenecks and fast-track industrial zone development.
The minister said that the PCP aligned with the objectives of the IWG, focusing on agro-industrial transformation, SME development, green and digital transition, and skills for industrial competitiveness.
He expressed optimism that UNIDO’s technical expertise and global perspective would enhance Nigeria’s industrialisation efforts through infrastructure development and catalytic interventions.
“We welcome your presence at the table and look forward to integrating your insights into the group’s core operations.
“Nigeria is laying the foundation for the next chapter in its industrial history by modernising institutions, reforming policies, and strengthening coordination across all levels of government,” he said.
Enoh reiterated the government’s commitment to fostering multilateral and bilateral cooperation, urging all stakeholders to transition from agreements to tangible execution.
“As we sign today, we do so with resolve not for the ceremony, but for community-medium impact.
“Let us move together from potential to productivity, from agreement to execution, and from policy to prosperity,” he said.
The Minister Budget and Economic Planning, Sen. Abubakar Bagudu, said that the PCP was expected to boost manufacturing, enhance access to renewable energy, and create opportunities for small and medium enterprises (SMEs).
Bagudu said that it would also strengthen Nigeria’s participation in the African Continental Free Trade Area (AfCFTA).
He reaffirmed the government’s commitment to ensuring the successful implementation of the programme, adding that Nigeria remained open to international investments and partnerships.
“Nigeria is determined to achieve its economic vision, and we will stay the course,” he said.
The UNIDO Director-General, Gerd Müller, described the PCP as a new phase in Nigeria’s longstanding partnership with the organisation, which dates back 40 years.
“This initiative focuses on six key areas, including industrial policy, innovation and technology, value chain development, and sustainable energy solutions.
“It will directly support Nigeria’s National Development Plan and the African Union’s Agenda 2063,” Müller said.
The UN Resident and Humanitarian Coordinator, Mohammed Fall, emphasised that the signing of the PCP marked the beginning of a long-term collaboration to drive Nigeria’s sustainable development.
Fall acknowledged the challenges facing the country but reaffirmed the UN’s commitment to working alongside Nigerian authorities and development partners to implement impactful initiatives.
He highlighted the role of UNICEF and other UN agencies in supporting Nigeria’s economic and humanitarian efforts.
He assured stakeholders that the UN remained dedicated to helping Nigeria transition toward a more resilient and self-sufficient economy.
The News Agency of Nigeria (NAN) reports that the signing ceremony was attended by representatives of Government, the European Union, UNIDO, and other key stakeholders in Nigeria’s industrial sector.
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