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Peter Obi Meets Okonjo-Iweala at WTO headquarter

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WTO : Peter Obi Meets Okonjo-Iweala

The presidential candidate of Labour Party, Mr. Peter Obi on Wednesday met with the Director General of World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala.

The WTO boss disclosed this via her verified Twitter handle.
She wrote: “With Governor @PeterObi at the @WTO discussing Nigeria’s economic recovery and the role of trade.”

The Labour Party presidential candidate is currently on a foreign tour to meet with his supporters in Canada, Germany, London, Rome, the United States, Switzerland, where it is expected he would raise a substantial amount of the funds needed for the election, through crowdfunding.

Founder of Centre for Values in Leadership, and one of the leaders of Labour Party (LP), Professor Pat Utomi, recently revealed that the crowdfunding portals Nigerians in the Diaspora planned to launch for Obi, would be unveiled next week.

READ ALSO: Zulum distributes N400m, food, textiles to over 90,000 residents in Bama

THISDAY had exclusively reported that in a bid to bolster his chances in the 2023 presidential election, Nigerians in the diaspora had formed groups to launch crowdfunding initiatives for Obi. They planned to unveil crowdfunding portals with a target to raise $150 million from Obi’s supporters in the diaspora and N100 billion from those in Nigeria, THISDAY had reported.

But some senior lawyers have expressed differing views on the legality of the election funding process.

Obi had in a series of Tweets during one of the meetings urged Nigerians in the diaspora not to despair or become weary in contributing their quota towards nation-building, despite the present state of insecurity in the country and parlous economy.

He pledged that his administration, if elected, would have zero tolerance for corruption and cut cost of governance.

According to him, “Our total commitment to transparency and accountability in government business is the only credible way to achieve limited to zero corruption.

“Africa will remain the centrepiece of our foreign policy. We will improve Nigeria’s diplomatic sphere of influence via peacekeeping, trade, and investment initiatives. We will pursue aggressively modalities for raising the national Internet penetration, as well as increase contribution of ICT to overall economic growth to aid national development.

“We intend to lay special emphasis on critical infrastructure, especially power, to ensure a clear measurable increase of 200 per cent of today’s generation, transmission and distribution within the shortest time possible through public private partnership.

“We will pursue intangible assets of good governance, rule of law, security of lives and properties, through an aggressive increase in personnel and equipment and inclusive training of operatives in our security agencies.

“We will emphasise patriotism, national interest, and national morale, quality of government, political will and character, which are all complimentary to the other assets. We will ensure that we have these assets in place and stress asset optimisation.

“Thinking through 2023 and beyond, we must think seriously about a leadership that is imbued with competence, capacity, credibility and commitment. The 4 Cs will be required to turn Nigeria around. Patriotism cannot be imposed; just like respect, it must be earned through dedication, responsiveness, active engagement, orientation, and prioritising of Nigerians in diaspora. The ripple effect will be rapid and will rub off positively on the country’s economy.”

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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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