Headlines
Reps, Customs clash over N1.3tn revenue projection

The House of Representatives Committee on Finance has dismissed a revenue of N1.3tn projected by the Nigeria Customs Service for 2022, vowing to raise the target.
The Comptroller-General of NCS, Col. Hameed Ali (retd.), had in his presentation at the ongoing public hearing on the 2022/2024 Medium Term Expenditure Framework and Fiscal Strategy Paper, disclosed that the Customs was projecting the amount as revenue next year.
Ali noted that the Customs came up with a figure that was considered realizable, hoping to surpass the target.
“We came up with a figure that is realizable. Then, whatever comes thereafter, we hope that we will surpass that. We try to be as realistic as we can in our proposal,” he noted.
Members of the committee, however, dismissed the projection as too small.
Chairman of the House Committee on Customs and Excise, Leke Abejide, who is a member of the Committee on Finance, criticized the revenue target as ridiculous, given that the naira had been devalued.
The lawmaker said he expected the Customs’ proposal to be N2.5tn and above.
Abejide said, “This is very ridiculous because now, the naira has been devalued already. So, you will discover that the volume of money you are getting, if you want to get the real value, you will see that it is not a real improvement.”
Another member, Muktar Ahmed, stated that there was no way the committee would accept anything less than N3tn.
In his ruling, the chairman of the committee, James Faleke, said, “For us as a Committee on Finance, we will not accept the N1.3tn. I am sure that by the time our report comes out, you will be pleasantly happy.”
Meanwhile, the committee, also on Monday, summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, to appear before it on Wednesday, unfailingly.
The lawmakers also summoned the Director, Department of Petroleum Resources, Sarki Auwalu.
Kyari was to address the committee on revenue generation on Monday. He, however, sent the Group General Manager, Corporate Planning and Strategy to represent him.
Members of the committee, however, frowned on Kyari’s non-appearance.
Abejide said was shocked by how the GMD of NNPC treats the National Assembly. He said Kyari’s behaviour was demeaning to the parliament and should not be tolerated.
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.
-
Business3 years ago
Facebook, Instagram Temporarily Allow Posts on Ukraine War Calling for Violence Against Invading Russians or Putin’s Death
-
Headlines3 years ago
Nigeria, Other West African Countries Facing Worst Food Crisis in 10 Years, Aid Groups Say
-
Foreign3 years ago
New York Consulate installs machines for 10-year passport
-
Technology7 months ago
Zero Trust Architecture in a Remote World: Securing the New Normal
-
Entertainment3 years ago
Phyna emerges winner of Big Brother Naija Season 7
-
Business10 months ago
Nigeria Customs modernisation project to check extortion of traders
-
Business1 year ago
We generated N30.2 bn revenue in three months – Kano NCS Comptroller
-
Headlines10 months ago
Philippines’ Vice President Sara Duterte resigns from Cabinet