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Nigeria is safe, mines minister tells investors

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The Minister of Mines and Steel Development, Olamilekan Adegbite, on Thursday, called on foreign investors to be free to attend Nigeria mining w

The Minister of Mines and Steel Development, Olamilekan Adegbite, on Thursday, called on foreign investors to be free to attend Nigeria mining week activities scheduled from 1st to 3rd November 2022, saying Nigeria is safe.

It also noted that Abuja is safe and the country’s security agencies have been deployed to ensure that all lives and property are well secured.

The minister disclosed this in Abuja, at a pre-event press briefing of the mining week, with the theme: “Successes and Achievement in the Nigerian Mining Sector”, said this year’s activities will highlight the giant strides of this administration through the Mineral Sector as one of the cardinal drivers of the diversification Agenda.

He said that the mining week would deliberate on the acquisition of bankable geoscientific data, the efficient and transparent mineral title administration processes, as well as downstream opportunities in the Mining Sector and the Nigerian Mineral value-chain Regulations of 2021.

According to him, “The future minerals are globally recognized as vital for the economic wellbeing of the world’s major and emerging economies, as they are essential for producing new energies and technologies.

“These minerals primarily comprise of copper, cobalt, lithium, nickel, platinum group minerals, and to a lesser extent, aluminium, chromium, graphite, manganese, rare earth elements, and zinc. Over the next two decades, the mineral demand from electric vehicles and battery storage is predicted to grow astronomically. Thus, the development of these minerals or the lack thereof will determine the economic strength or weakness of a developing nation like Nigeria.

“The Government, in particular, has been putting all its political will and weight behind the sustainable development of the Mining Sector and I am super excited to announce that as we aim to discuss the common challenges and share our success stories, His Excellency Muhammadu Buhari, GCFR, President of the Federal Republic of Nigeria will declare the event open”.

In his remarks, the acting President of the Miners Association of Nigeria, Alh. Musa Muhammad said this year mining week is an open opportunity for Nigeria’s mining sectors.

He said: “The interest shown by investors from across the world since August when the preparations towards hosting this year’s Nigerian Mining Week began in earnest, had been so enormous that they were on their toes, working round the clock to ensure that event is a huge success.

“The mining week it’s something that we’ve never experienced before in Nigeria. So we are going to learn new apps and how to use them. So, it’s wonderful and I gave kudos to the team that put this together”.

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

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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.

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

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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.

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Shettima Warns Media Against Romanticising National Challenges

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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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