News
China keeps contributing to world economic growth
By He Yin, People’s Daily
The Chinese economy registered positive growth in the first half this year and demonstrated strong resilience despite the increasing complexity of the international economic environment, sporadic COVID-19 infections, and other unexpected challenges.
According to statistics released by the National Bureau of Statistics, China’s GDP expanded 2.5 percent yearonyear in the first half of 2022. In particular, the growth was 0.4 percent in the second quarter.
It was a hard-won performance. Facing complicated situations both in and out of the country, China has well-coordinated epidemic prevention and control with economic and social development, and effectively responded to challenges.
China always puts its people and their lives in the first place. It has built a solid wall of defense against COVID-19 and consolidated its achievements in fighting the pandemic, which protects people’s lives and health to the largest extent and maximumly stabilizes the fundamentals of economic and social development.
John Walsh, who was a professor at University of Massachusetts Chan Medical School, noted that China’s anti-pandemic policies not only saved lives, but also protected the economy.
Many international personages said the Chinese economy demonstrated its resilience and potential to cope with instable international situations.
China’s economy should be observed with a dialectical and long-term view. The impacts from COVID-19 is temporary and extrinsic, while China’s economic resilience and potential are constant and intrinsic.
China enjoys a solid material foundation and a super large market. Its economy may continue to pick up given the recovery of consumption, production upturn, enhanced driving force of innovation and the implementation of a series of macro policies.
China comprehensively implements a new development philosophy, accelerates the building of a new development paradigm, and eyes on high-quality development. It is building new competitive advantages, gathering new drivers for development, and injecting ceaseless impetus into the sustained and healthy development of its economy.
Not merely has China outperformed all other major economies in the last period, it is clearly in the best position to continue to do so, said John Ross, former director of Economic and Business Policy of London.
The fundamentals sustaining China’s long-term economic growth remain unchanged. China is still an important engine driving global economic growth, and the international society is still confident about China’s economic prospects.
In the first five months this year, China saw an inflow of foreign direct investment (FDI) of $87.77 billion, up 22.6 percent year on year. Besides, 185 new deals each valued at over $100 million in foreign investment were inked in the January – April period, or 1.5 on a daily basis.
According to a white paper released by the American Chamber of Commerce in China in May, most respondents believe that it is crucial to remain competitive in the Chinese market in order to remain competitive globally.
Agustin Carstens, general manager of the Bank for International Settlements recently said that China’s resilient economy would continue to be an engine of global growth.
At present, the world economy is facing increasing risks of stagflation, while major economies are tightening their policies. The unstable and uncertain external factors are also expanding. Given these difficulties and challenges, China will keep pooling resources and concentrating on its own affairs.
The Wall Street Journal said China’s subdued inflation means the countries authorities can focus more squarely on reviving economy.
Besides, China will keep expanding its high-level opening up. As the growth of global trade was losing steam, China’s foreign trade in goods grew 9.4 percent year on year, which indicated the strong resilience and potential of the country’s foreign trade.
In the second half, the second International Consumer Products Expo, the 2022 China International Fair for Trade in Services and the fifth China International Import Expo will be held. Relying on its huge market, China will create more opportunities for other countries in terms of market, investment and growth while maintaining its own sustained and healthy economic development.
The Chinese economy is not a pond, but an ocean. China has the confidence to well coordinate epidemic prevention and control with economic and social development, and will strive to achieve sound economic development this year. The country will also make joint efforts with other countries to build an open world economy and inject more positive energy into global recovery.
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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