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Nigerian Government urges for strong regulatory frameworks to enhance global competitiveness

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The Minister of Science, Technology and Innovation, Dr Ogbonnaya Onu, has called for the deployment of strong regulatory frameworks to build trust and confidence in goods and services for enhanced global competitiveness.

The minister made the call at the second National Competitiveness Consultative Forum for Regulatory Establishments in Nigeria on Tuesday in Abuja.

He said it was important for the forum to find solutions that would help the country improve on regulation, the National Quality Infrastructure (NQI) and Nigeria’s drive toward improved global competitiveness.

“It is pertinent that you identify important enhancing factors for effective regulation and credible certification and accreditation.

“You should always bear in mind the need for consideration in the future of third party conformity assessment of our toolbox, systems and processes by internationally recognised conformity assessment establishments,’’ Onu said.

He gave the assurance that at this stage of development such a move would give added credence to the country’s operations, provide a basis for confidence in certifications as well as accreditation outcomes.

“We should never forget that any positive impact in this regard is priceless and would enhance our global ranking as a competitive nation,’’ the Minister said.

Onu told the forum that it was on a difficult but important journey of providing the country the much-desired mechanism and appropriate knowledge-driven economic development policies and programmes, especially in research and development.

He said the programmes would be driven by Science, Technology and Innovation (STI) in a manner that research and development breakthroughs would get commercialised for industrial and business applications.

The minister emphasised the need to encourage cooperation and collaboration among research and development institutions and the Organised Private Sector.

“This will help us domestically source and improve on agro and mineral raw materials for the manufacturing industry,’’ he said.

Onu said ensuring cordial relationships among critical stakeholders within the STI ecosystem in the country would help reduce the cost of production as well as guarantee stability in the supply chain.

Mohammed Abdullahi, Minister of State for Science, Technology and Innovation, said in his address that President Muhammadu Buhari was consistent on his vision for Nigeria to be self-reliant.

Abdullahi noted that it was the president’s directive to develop an innovation-driven economy that would compete with other economies of the world through diversification and value addition to the abundant raw materials.

Earlier, British High Commissioner in Nigeria Catriona Laing, speaking through a representative, Mr Mamadou Diallo, said Britain was firmly committed to engaging Nigeria in the development space.

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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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