News
China sets 2021 growth target at above 6 %, shows post-COVID confidence
By Wang Cong
China announced on Friday a growth target of over 6 percent for its economy for 2021, picking up the decades-long tradition of releasing a numeric goal after skipping it in 2020 due to the COVID-19 pandemic, showcasing top policymakers’ solid confidence on the world’s second-largest economy to sustain a robust recovery despite internal and external risks.
The growth target of over 6 percent is well below a widely accepted forecast of over 8 percent for the year. It would mean that the Chinese economy would once again lead the world in recovering from the impact of COVID-19, outpacing growth in many other major economies.
“In setting this target, we have taken into account the recovery of economic activity. A target of over 6 percent will enable all of us to devote full energy to promoting reform, innovation, and high-quality development,” Premier Li Keqiang said in the Government Work Report that was delivered to the opening of the annual session of the National People’s Congress, the country’s top legislature, on Friday morning.
The NPC session, which is held simultaneously with the annual meeting of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, known as the two sessions, is a window into China’s policy priorities for the year. An official GDP growth target is among the most closely watched announcements.
At the two sessions last year, which were delayed for 78 days due to the COVID-19 outbreak, China skipped a specific numeric growth target for the first time in decades, as the country faced daunting uncertainty both at home and abroad.
The world’s second-largest economy recovered from a historic slump of 6.8 percent in the first quarter, to record a 2.3 percent growth for 2020, becoming the only major economy to grow. Another sign of China’s recovery from the pandemic is that this year’s two sessions convened at its conventional time frame.
“We achieved major strategic success in our response to COVID-19 and China was the world’s only major economy to achieve growth,” Li said, adding that the country also attained a complete victory in the fight against poverty. China has lifted nearly 100 million people out of extreme poverty.
“The growth target of above 6 percent is very reachable given the robust economic recovery… and would offer meaningful guidance for macroeconomic policies,” Cao Heping, a professor of economics at Peking University in Beijing told the Global Times, adding that the Chinese economy could grow between 8 and10 percent in 2021.
Ahead of the Government Work Report, market expectations had predicted that a specific target might be skipped this year due to the current expectations of a high growth rate and other policy priorities, but Cao said that setting a GDP growth is a very effective way to coordinate policies and various priorities.
“There were discussions about whether or not a target should be set. But setting one is better, because it would ensure precision on the macroeconomic policy,” he said, adding that given the economic outlook, other priorities, including a push for high-quality growth and lowering risk, would not be undermined.
Despite many risks in areas such as financial, housing and government debt, “development remains the top priority. And setting a target would not only guide policies but would also provide the easiest way to keep track on progress,” Guan Tao, chief global economist at the Bank of China and a former senior official at the State Administration of Foreign Exchange, told the Global Times.
In the Government Work Report, Li also stressed the need to tackle various risks and challenges, vowing that China would maintain continuity, consistency and sustainability of macro policies and keep “prudent monetary policy flexible and targeted.”
Also indicating macro policies returning to certain level of normalcy, China has cut deficit-to-GDP ratio target to around 3.2 percent for 2021 from around estimated 3.7 percent last year. Also, the country will no longer issue COVID-19 bonds.
The Government Work Report also set a slew of economic and social development goals for 2021, including creating 11 million new urban jobs, keeping CPI growth of around 3 percent and cutting energy consumption per unit of GDP by around 3 percent.
“In 2021, China will continue to face many development risks and challenges, but the economic fundamentals that will sustain long-term growth remain unchanged. We should stay confident, meet challenges head-on, and consolidate the foundation for economic recovery to ensure sustained and healthy economic and social development,” Li said.
Source: Global Times
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
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