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Diri presents N480.9bn 2024 budget to Bayelsa Assembly

Diri presents N480.9bn 2024 budget to Bayelsa Assembly
Gov. Douye Diri of Bayelsa on Wednesday, presented the 2024 budget of N480.99 billion to the state House of Assembly for approval.
Presenting the budget christened: “Budget of Sustainable and Shared Prosperity,” Diri said that the figure was made up of N69.120billion recurrent expenditure, representing 14.37 per cent, N54.096billion overhead expenditure, representing 32.04 per cent and N257.777 billion capital expenditure.
“Mr Speaker, I wish to present the 2024 budget estimates to the House. We are guided by the desire to prepare a realistic, implementable and prioritised budget, which is a reflection of the aspirations and wishes of critical stakeholders, and the economic realities in the country.
“I hereby present to you the 2024 budget with a total size of ₦480,993,632,369.00,” he said.
He said the budget would be funded through statutory allocation, Value Added Tax, 13 per cent derivation, internally generated revenue and other capital receipts.
Giving a breakdown of the sectoral allocation, Diri stated that the Works and Infrastructure Ministry got the lion’s share of N141.837 billion followed by that of Education, which got N49.888 billion.
Also, the sum of N26.41 billion was earmarked for the Ministry of Health, Environment got N15.554 billion while Agriculture and Natural Resources was allotted N14.886 billion.
Youths and Sports Ministry got N7.656 billion, Lands and Housing N6.876 billion while the Ministry of Power was allotted N6.49 billion among other ministries.
Diri also reviewed the 2023 budget performance, which he said achieved considerable success and consistency in critical areas such as, security, education, health, agriculture, human capacity building, infrastructure development among others.
“We built and upgraded health facilities across all LGAs and health-related tertiary institutions, including completion and furnishing of the first psychiatric hospital in Bayelsa.
“Also, in partnership with Fly Zipline, we established a health chain distribution system to cater for drug distribution and emergency health matters using drones.
“The Health Insurance Scheme enrolment is also growing by the day. As at 2020, our mobilisation was limited to the public service. We went further in 2023 to launch the Diri Care programme, which boosted the enrolment of the informal sector.
“The total enrolment as at November 2023 is 149,067 with civil servant enrollees totalling 118,030, vulnerable population 27,803, and the informal sector 3,134,” he said.
Diri added: “We have in the past three years ensured that the Civil Service is given the necessary attention (including the prompt payment of salaries and regular promotions) for an effective workforce, and to enhance the economic and social development of the state because ours is predominantly a civil service state.
“In addition, this administration consistently ensured that the entitlement of our senior citizens (by way of pensions and gratuities) are paid promptly. Over N3.3billion was spent on gratuities and N10.8billion for pensions in 2023.
“Let me assure you that, even in the coming year, we will continue to meet our obligations to the senior citizens within the limits of available resources.”
In his remarks, Speaker of the House of Assembly, Abraham Ingobere commended the administration for its commitment to development of the state as well as maintaining a harmonious relationship with the three arms of government.
Ingobere applauded the governor for prudent management of the state’s resources in executing projects.
(NAN)
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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