Uncategorized
China adopts multiple measures to promote high-quality development
By Liu Zhiqiang, People’s Daily
The State Council Information Office held a press conference in Beijing on March 6 about promoting high-quality development to set the stage for building a modern socialist country in all respects.
Zhao Chenxin, vice chairman of the National Development and Reform Commission (NDRC), outlined China’s remarkable economic performance in 2022.
According to Zhao, the country’s GDP exceeded the 120-trillion-yuan ($17.22 trillion) mark for the first time, and the consumer price index only rose by 2 percent while global inflation has surged to its highest level in over 40 years.
Besides, a total of 12.06 million new urban jobs were created last year, exceeding the annual target of 11 million. China maintained a basic equilibrium in the balance of payments, and the scale of the country’s foreign exchange reserves remained over $3.1 trillion as of the end of last year.
China’s development quality saw steady improvement.
Innovation-driven development has played a more important role. China’s total expenditure on research and development (R&D) amounted to 3 trillion yuan for the first time, with the country’s ratio of R&D expenditure to GDP increasing to 2.55 percent. The country has climbed to 11th place in the Global Innovation Index (GII) 2022 Report.
Structural adjustment accelerated in the sectors of industry, investment, consumption and trade. Green and low-carbon development achieved steady progress, and poverty alleviation achievements have been continuously consolidated. The social security system and public services were also improved firmly.
China has constantly consolidated the foundation for safe development.
Fiscal and financial operations were generally stable and sound, and international payments were in basic balance. The country has achieved a bumper grain harvest for 19 consecutive years, and its annual grain output has exceeded 650 billion kilograms for eight years in a row.
It also enhanced the systems of energy production, supply, storage and sales, and the energy supply is maintained at a stable level. The capability to maintain the security of key industrial and supply chains has been continuously improved.
According to the government work report this year, China’s annual growth target is set at around 5 percent.
Zhao explained that as a developing country, China still takes development as its top priority. To achieve the targets set at the 20th National Congress of the Communist Party of China, the country needs to maintain reasonable economic growth to boost employment, improve people’s livelihoods, and prevent and defuse risks, Zhao added.
The 5-percent growth target, which is conducive to accelerating the creation of a new development paradigm and promoting high-quality development, is in line with current economic momentum, and will guide all sectors to focus on improving the quality and efficiency of development, Zhao said.
Besides, regions across China all have strong confidence in their development prospects, which lays a solid foundation for the country to achieve the annual growth target.
Zhao said the country will strengthen macro policy regulation, maintain the continuity and consistency of macro policies, make them more effective and targeted, enhance the integration and coordination of policies and ensure that all policies are consistent with the direction of macro policies.
The country will ensure that the implementation of the strategy to expand domestic demand is integrated with efforts to deepen supply-side structural reform, further unleash the potential of household consumption, boost investment, and implement the innovation-driven development strategy in an in-depth manner, and accelerate the building of a modern industrial system.
It will also build a high-standard socialist market economy and promote high-level opening up to constantly energize development. It will coordinate development and security, properly handle and defuse risks in areas such as property sector, finance, and local government debt, and practically enhance security capacity building in food security, energy resources and key industrial and supply chains.
Besides, China will thoroughly and effectively implement the employment-first policy, strengthen basic public services and constantly guarantee and improve people’s livelihood.
Final consumption is a lasting driver of economic growth. Li Chunlin, vice chairman of the NDRC, said that China’s consumer market has shown signs of rapid recovery. Consumption of catering, culture and other industries has rebounded since the Spring Festival holiday, getting the economy off to a strong start, he said.
Li believes that uncertain factors constraining the release of consumption potential are gradually eliminated, and the first half of this year is expected to see a steady increase in the growth of major indicators of consumption.
Consumption will serve as a main driving force boosting China’s economic growth in 2023, Li said.
In 2022, China’s fixed-asset investment increased by 5.1 percent over the previous year. In particular, investments in infrastructure and manufacturing rose 9.4 percent and 9.1 percent, respectively, playing an important role in stabilizing the macro economy.
Yang Yinkai, vice chairman of the NDRC, said China will keep working to expand effective investment this year, advance the construction of major projects, effectively drive investment from the society through government investment and policy incentives, consolidate the sound momentum for stable growth in infrastructure investment and manufacturing investment, and further enhance the key role of investment in optimizing the supply structure.
Uncategorized
Fuel Price May Hit ₦5,000 Per Litre Under Tinubu — Atiku Warns
By Fabian Apechihin
Former Vice President Atiku Abubakar has warned that petrol prices could rise to ₦5,000 per litre under President Bola Tinubu’s administration if the government fails to address concerns surrounding oil revenues and public spending.
Atiku raised the alarm through his Senior Special Assistant on Public Communication, Phrank Shaibu, following the latest petrol price increase.
He questioned why Nigerians were paying as much as ₦1,470 per litre when crude oil was trading at approximately $102.52 per barrel.
“With crude oil around $102.52 per barrel, Nigerians are paying as much as N1,470 per litre. In 2008, when crude oil reached about $147 per barrel, petrol sold at N65 per litre under the Yar’Adua administration,” Atiku said.
The former vice president called for a reconciliation of oil revenues and deductions from 2023 to date, arguing that Nigerians should be able to establish how much revenue was generated, what deductions were made before distribution and where the funds eventually went.
“Nigerians deserve accounts they can interrogate, not accounting labels designed to discourage questions,” he said.
Atiku also questioned the use of funds saved following the removal of the petrol subsidy, recalling the government’s earlier assurances that the savings would create room for increased investment in education, healthcare and infrastructure.
“After all the pain imposed on Nigerians, they have a right to ask: where are the subsidy savings and where is the money?” he asked.
He further called for scrutiny of financial transactions involving the Renewed Hope Infrastructure Development Fund, OML 143, oil production revenues and the Nigerian National Petroleum Company Limited’s international liquefied natural gas trading operations.
“These allegations are too serious to be answered with press statements and political insults. Every barrel can be measured, every cargo identified and every legitimate payment traced,” Atiku said.
The former vice president’s remarks come amid continuing public debate over petrol pricing, oil revenue management and the economic impact of subsidy removal on Nigerians.
Uncategorized
2027: Atiku Hosts Aisha Buhari in Abuja Amid Political Realignment
Former Vice President Atiku Abubakar on Wednesday hosted the former First Lady, Aisha Buhari, in Abuja, in a meeting that has attracted attention amid growing political realignments ahead of the 2027 general elections.
Neither Atiku nor Aisha publicly disclosed details of their discussions or indicated whether the meeting centred on political matters.
The meeting comes against the backdrop of renewed interest in the Buhari family’s political influence, particularly in Katsina State.
In May, Yusuf Buhari, son of the late former President Muhammadu Buhari, won the All Progressives Congress (APC) primary for the Sandamu/Daura/Mai’adua Federal Constituency seat in Katsina State. He secured 6,386 votes, defeating Auwal Daura, who polled 322 votes.
The outcome generated considerable interest within political circles in the Daura axis, where the Buhari family has maintained a strong political presence.
Aisha Buhari has also remained active in promoting the legacy of her late husband, who died in London on July 13, 2025.
In July, she described education and human capital development as among Muhammadu Buhari’s most important legacies while speaking at the groundbreaking ceremony for a Computer Science Complex at Al-Qalam University, Katsina.
The project is being financed with proceeds from the book From Soldier to Statesman: The Legacy of Muhammadu Buhari, which chronicles the former president’s life and public service.
Aisha said the initiative was aimed at preserving Buhari’s legacy through investment in education, knowledge and innovation rather than through the construction of monuments.
Although the purpose and outcome of Wednesday’s meeting between Atiku and Aisha were not publicly disclosed, the encounter has drawn attention as political actors and groups continue to position themselves ahead of the 2027 elections.
Uncategorized
2027: VP Shettima Urges Politicians To Play Politics without Bitterness
- As Gov AbdulRazaq Is Turbaned As Sadauna Of Ilorin Emirate
Stephen Olufemi Oni, Ilorin
Vice President Kashim Shettima has stressed the need for politicians to embrace one another, play politics without bitterness and according to the rules in order to ensure an astronomical growth and development for the country.
Shettima made the appeal on Wednesday in Ilorin, the Kwara State capital, at the turbaning of Governor AbdulRahman AbdulRazaq as the Sardauna of Ilorin Emirate by the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, while admonishing
Nigerians to serve with humility, do good to one another and have forgiving spirit, as they, according to him, would spend more time after office.
He added: “Power is given by God to the people He so wishes and not because we are better than others. I, therefore, call on all politicians to unite themselves as one family despite their political differences.
“Take a cue from President Bola Ahmed Tinubu that I serve as his assistant. He is a good and decent man who has the love and interest of Nigerians at heart.”
Shettima explained that when they assumed office in 2023, the economy of the country was at the brink of collapse, but President Tinubu refused to pass blame; with courage he accepted both the assets and liabilities and moved on.
He further disclosed that during the 2023 electioneering campaign, only six out of the 19 northern governors supported Tinubu’s presidential aspiration, based on the erroneous belief that Baba (Buhari) didn’t like him, adding: “But today the President has embraced everybody as his own and things are going on well”.
He added: “President Bola Ahmed Tinubu is a good man by all standard; he believes in the people that work with him.”
Shettima also thanked the Emir of Ilorin for the honour done to Governor AbdulRazaq, which , he noted, was based on his contributions to the development of the Ilorin Emirate and the State at large, adding that “the father of the Governor had planted a solid footprint in the Ilorin Emirate and by extension Nigeria as a whole”.
Shettima, who expressed optimism that this new chapter would create a stronger bond between the Emirate and the family of Governor AbdulRazaq, urged the people to continue to pray for the progress and development of the Emirate and the State as a whole.
He commended Governor AbdulRazaq for his efforts in the massive improvement on infrastructure to assist the people of the State, as well as for his
contributions to the actualisation of policies and programmes of government at the federal level towards providing succour to average Nigerians.
In his remarks, the Matawaliof Ilorin Emirate, Dr.Alimi AbdulRazaq, said the title of Sardauna bestowed on the Governor was well deserved, thanking the Emir of Ilorin for finding the Governor worthy of the noble recognition by the Emirate.
Dr,Alimi urged the Governor to see the tittle as a clarion call to provide more dividends of democracy to the nooks and crannies of the State.
The turbaning ceremony witnessed large turnout of dignitaries, including the Governor of Niger state, Umar Bago, Governor of Kaduna state, Senator Uba Sani, Governor of Imo State ,Hope Uzodinma, and Governors of Kebbi ,Katsina States.
Others are the Emir of Zazzau Emirate, Ambassador Ahmed Nuhu Bamali, the Deputy Governors of Sokoto, Anambra, Nasarawa, Delta, Ondo, and Oyo States.
-
Uncategorized6 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines11 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News12 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News10 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News11 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology5 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader
