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Guangdong-Hong Kong-Macao Greater Bay Area sees solid development over past four years

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By Wang Lingxi

A series of policies have been rolled out and implemented since the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) was released four years ago, deepening the synergetic development of rules and mechanisms in the three areas and taking the GBA into a new era of high-quality development.

Recently, the first national-level science park for future industries in the GBA was launched, which focuses on the development of frontier technologies such as electronic technology, biomedicine and futuristic automobiles.

Mainland cities in the GBA have started piloting a new policy of issuing endorsements for six categories of talents working in the mainland. Holders of the travel endorsement can travel to and from the Hong Kong Special Administrative Region (HKSAR) and Macao SAR unlimited times within the validity period.

Besides, Hengqin and Qianhai, two cooperation zones in Zhuhai and Shenzhen, two mainland cities in the GBA, have each released 30 measures to boost financial cooperation, which cover a wide range of aspects from financial market interconnection and promotion of cross-boundary trade to strengthening financial supervision.

Visions in the Outline Development Plan for the GBA have been turned into reality over the past four years.

Hong Kong is writing a new chapter of transiting from stability to prosperity and telling the world about new stories of its development. Macao is striving to develop an appropriately diversified economy and working to further speed up development. The nine mainland cities in the GBA reported total foreign trade of 7.94 trillion yuan ($1.15 trillion) last year, which accounted for 95.6 percent of Guangdong’s total.

As of the end of 2022, the aggregated economic volume of the GBA neared 13 trillion yuan, increased by 3 trillion yuan since 2017. The number of permanent GBA residents exceeded 86 million, people’s sense of gain, satisfaction and happiness has enriched..

As technologies, talents and industries in the GBA are seeing better and better integrated development, a world-class bay area that features infinite possibilities and huge vitality is taking shape.

Recently, Chief Executive of the HKSAR John Lee paid visits to multiple cities including Guangzhou, Shenzhen and Macao, during which he said the HKSAR will join hands with other GBA cities for closer cooperation in major sectors such as sci-tech development, finance, trade as well as culture and tourism.

Guangdong province has always been following the requests of the central government and doing its best to contribute to the GBA and meet the demand of the Hong Kong and Macao SARs.

With concerted and coordinated efforts, Guangdong, Hong Kong and Macao have taken solid steps toward building a world-class bay area and a world-class city cluster.

Over the past four years, the three areas have constantly promoted “hard connectivity” of infrastructure, “soft connectivity” of institutions and rules, as well as “heart-to-heart connectivity” among GBA residents, enhancing the appeal of the GBA.

A quality living circle with excellent public services for living, working and travelling is in the formation. The three areas of Guangdong, Hong Kong and Macao share similar cultures and enjoy strong social cohesion. The prospering development of key and core industries, vitality and good livelihood are new signatures of the GBA today.

A “one-hour transport circle” has been established in the GBA upon the opening of the Hong Kong-Zhuhai-Macao Bridge and the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link. The Shenzhen-Zhongshan Bridge, the Huangmaohai sea-crossing Bridge and the Shiziyang Channel will form a “golden corridor” in the GBA. Besides, a series of measures have been issued to facilitate Hong Kong and Macao residents living in the mainland in terms of living and employment.

Through promoting the complementarity and integrated development of industries, the GBA has comprehensively improved its international competitiveness. Hong Kong and Macao’s advantages in modern finance and professional services, together with Guangdong’s strong manufacturing sector and huge market are expected to produce a multiplying effect for the GBA and attract more and more transnational corporations and emerging tech firms to the megalopolis.

At the end of 2022, the first Global Investment Promotion Conference for the GBA was jointly hosted by the governments of Guangdong, Hong Kong and Macao. A total of 853 cooperation projects were signed at the event, with total investment of 2.5 trillion yuan.

Multiple transnational corporations have chosen the GBA as an investment destination, including ExxonMobil, Siemens, AstraZeneca and Hyundai Motors, which indicates enterprises’ confidence in the prosperity of the GBA.

At present, the GBA is home to 51 unicorn companies, or 1/6 of China’s total and 1/20 of the world’s total. It is one of the most important sci-tech innovation center around the world.

It is believed that as the mainland has fully resumed normal travel with the Hong Kong and Macao SARs, the exchanges of personnel, enterprises, organizations and government agencies in the GBA will become more frequent, and the construction of the GBA will hit a “fast lane” of stable development.

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Fuel Price May Hit ₦5,000 Per Litre Under Tinubu — Atiku Warns

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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.

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2027: Atiku Hosts Aisha Buhari in Abuja Amid Political Realignment

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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.

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2027: VP Shettima Urges Politicians To Play Politics without Bitterness

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  • 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.

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