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Senate urges ministry to create awareness on new Start-up Act

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Senate urges ministry to create awareness on new Start-up Act

The Nigerian Senate has urged the Ministry of Communications and Digital Economy to create more awareness on the newly enacted Start-up Act, to sensitise the youth on the benefits and opportunities of the bill.

Chairman of the Senate Committee, Information and Communications Technology (ICT) and Cybersecurity, Sen. Oseni Yakubu made the call at the inauguration of the Digital Nigeria Conference organised by the National Information Technology Development Agency (NITDA) in Abuja.

The theme of the conference is “Digital Transformation: A Path to Sustainable Digital Economy”.

He said the Act, which directly targets the youth, had great opportunities and benefits.

In his words, “The Ministry of Communications and Digital Economy should create more awareness on the Start-up Act for Nigerian youth to know the benefits and opportunities that abound in it.

“We are going to collaborate with the ministry to create this awareness and I have been doing my little bit to create awareness of the potential of the bill.

“I trust Nigerian youth will key into the Act because they are intelligent, as well as contribute their quota to the Gross Domestic Product and place Nigeria in the ICT world map.”

He said that with the signing of the bill into law, the government initiated a N5 billion starting grant to fast-track its implementation.

According to him, “it means that there are other funds we are expecting in the sector from other sources so that we can have something to fall back to.”

Yakubu recalled the recent signing of a Memorandum of Understanding by the government with Microsoft to train five million Nigerians on digital skills.

The programme, he said, would greatly impact the country’s economy.

Prof. Isa Pantami, Minister of Communications and Digital Economy said that the digital economy could greatly support the traditional economy.

He said: “The contribution of the digital economy to the GDP of Nigeria and its role in making the economy resilient to adverse events like the COVID-19 pandemic are two good examples of the impact of the digital economy on the traditional economy.”

 Pantami commended President Muhammadu Buhari for his unwavering support towards the numerous achievements in the sector.

According to him, the efforts of the ministry continue to play a critical role in the development and digitalisation of the different sectors of the economy.

 Pantami, however, called on all stakeholders to persist in supporting the government to further accelerate the development of the digital economy sector.

Minister of Information and Culture, Alhaji Lai Mohammed commended Pantami on his drive towards digital transformation in the ICT sector.

Mohammed said the communication industry was the fastest-growing sector globally, adding that it has impacted the economy and created job opportunities in the country.

He, however, noted technological growth also promoted fake news and hate speech, which people should be wary of.

In his remarks, Mr Kashifu Inuwa, Director-General of NITDA said, “digital transformation was not about technology, but designing people, technology and processes to deliver things the way you want it,  when you want it and how you want it  seamlessly.”

Inuwa said that digital transformation and sustainability were increasingly important and intertwined, adding that they were also full of promises and pitfalls.

“To achieve sustainability, you need a strategy to realise promises while avoiding the pitfalls,” he said.

Senate urges ministry to create awareness on new Start-up Act

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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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