Connect with us

Headlines

Taiwan proposes $17.3bn budget in defence amid escalating China tensions

Published

on

Taiwan proposes $17.3bn budget in defence amid escalating China tensions

Taiwan proposed a budget of 17.3 billion dollars in defence for 2023 on Thursday, a 14.9 per cent increase from this year’s total allocation.

The proposal is coming weeks after China started its military drill around the self-ruled island country post the visit of U.S. House Speaker Nancy Pelosi.

Taiwan proposed 19 billion dollars in defence spending for next year on Thursday, a double-digit increase on 2022 that includes funds for new fighter jets, weeks after China staged large-scale war games around the island it views as its sovereign territory.

Advertisement

In the proposed budget, the figure includes NTD 108.3 for new advanced combat jets and programs for elevating sea and air combat capability. And the total budget reached NTD 586.3 billion if another special fund is included, Nikkei Asia reported.

The budget now goes for approval to the Legislative Yuan, which begins a new session next month.

Currently, Taiwan is grappling with increasing Chinese aggression, with concerns growing over the island’s ability to defend itself after Beijing conducted its biggest-ever military drills surrounding its neighbour earlier this month.

Advertisement

The People’s Liberation Army sent aircraft, drones, missiles and warships around Taiwan and its outlying islands after a visit by U.S. House Speaker Nancy Pelosi.

In January, Taiwanese lawmakers passed an extra spending bill of around 8.6 billion dollars for a five-year special defence budget on top of the annual defence budget, reported Nikkei Asia.

This year, Chinese defence spending has risen by 7.1 per cent to 1.45 trillion yuan, faster than the 6.8 per cent increase in 2021.

Advertisement

Over the weapons, Lee Hsi-min, former chief of general staff of Taiwan’s armed forces said that Taipei should prioritize weapons that are cost-effective and more survivable.

“Conventional weapons such as tanks, submarines and aircraft have high opportunity costs. If you spend your money on these big weapons, you don’t have resources for smaller ones.”

“Taiwan should acquire a lot of small, mobile and inexpensive weapons, which could outlast initial assaults by Beijing, especially by Chinese long-range missiles or fighter jets. So Chinese forces have to attempt to get nearer to Taiwan, which makes them more vulnerable,” Lee added.

Advertisement

Various obstacles stand in the way of reforms, and military personnel dominate the Defense Ministry, according to Nikkei Asia.

Citing Ukraine’s success in staving off Russian invaders, Lee said a standing, all-volunteer Taiwanese territorial defence force would raise the cost and uncertainty of a Chinese invasion, and strengthen deterrence by demonstrating national resolve.

But others disagree. Wong Ming-Shien of the Graduate Institute of International Affairs and Strategic Studies cited insufficient funding, the lack of training grounds and weaponry, and the impact on the professional armed forces if they were tasked with training civilians.

Advertisement

(ANI/NAN)

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Benue IDPs block highway, demand return to ancestral homes

Published

on

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

Advertisement

Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

Advertisement

Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

Continue Reading

Headlines

NNPCL reveals decision not to sell Port Harcourt refinery

Published

on

The Nigerian National Petroleum Company Limited, NNPCL has officially decided not to sell the Port Harcourt Refining Company.

NNPCL has, instead said it is committed to conducting an extensive rehabilitation of the facility and ensuring its continued operation.

During a company-wide town hall meeting held at the NNPC Towers in Abuja, Bayo Ojulari, the Group Chief Executive Officer of NNPC Ltd, announced the decision regarding the future of the nation’s most significant state-owned refining asset, putting an end to weeks of speculation.

Advertisement

A statement by NNPCL reads, “The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.

“The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and subcommercial.

”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.

Advertisement

”Thus, selling is highly unlikely as it would lead to further value erosion.”

Continue Reading

Headlines

Tinubu appoints Olumode Adeyemi as Federal Fire Service boss

Published

on

President Bola Tinubu has approved the appointment of Adeyemi Olumode, as the new Federal Fire Service, FFS, Controller-General.

The appointment was announced on Wednesday on behalf of the Federal Government by retired Maj.-Gen Abdulmalik Jubril, Secretary of the Civil, Defence, Correctional, Fire and Immigration Services Board, CDCFIB.

Jubril said the appointment followed the retirement of the current Controller-General, Abdulganiyu Jaji, on August 13.

Advertisement

Jaji is retiring upon attaining the age of 60 by August 13.

Jibril further disclosed said that Adeyemi Olumode is qualified for the position, having attended and passed all mandatory in-service training, Command courses as well as other courses within and outside the country.

“He brings a wealth of experience to his new role, having transferred his service from the FCT Fire Service to the Federal Fire Service and grown to the rank of DCG in the Human Resource Directorate of the Service Headquarters.

Advertisement

“He has served in various capacities and is equally a member/fellow of the following professional associations including Association of National Accountants of Nigeria, ANAN, Institute of Corporate Administration of Nigeria, Institute of Public Administration of Nigeria and Chartered Institute of Treasury Management of Nigeria.”

Continue Reading

You May Like

Copyright © 2025 Acces News Magazine - All Right Reserved.

Verified by MonsterInsights