Oyo State Begins Compensation for Ajia Property Owners

The Oyo State Government has started compensating property owners affected by developmental projects in the Ajia Inukan LCDA, Ona Ara Local Government area.

During a meeting with the claimants on Monday, the Commissioner for Lands, Housing, and Urban Development, Mr. Williams Akin-Funmilayo, disclosed that the government has earmarked N513,462,446.50 for compensation. The affected properties were acquired for the construction of an Air Force Base, General Hospital, and ICT center.

Akin-Funmilayo emphasized that the compensation is a key step in maintaining a positive relationship between the government and the local residents. He also mentioned that the government had previously conducted an identification and verification exercise for the property owners, ensuring their properties were fairly valued for compensation.

One of the beneficiaries, Mr. Adedokun Olalekan, expressed his gratitude to Governor Seyi Makinde for his concern and support for the people of Oyo State.

Sowore Criticizes Tinubu for Acquiring Private Jet Amidst National Hardship

Former presidential candidate Omoyele Sowore has sharply criticized President Bola Tinubu over the recent acquisition of a new presidential jet. On Monday, the Tinubu administration unveiled a new Airbus A330, replacing a 19-year-old Boeing B737-700(BBJ) originally purchased during former President Olusegun Obasanjo’s tenure.

Bayo Onanuga, the Special Adviser to the President on Information and Strategy, shared images of the new jet but did not disclose the cost. In response, Sowore, through posts on his official X handle, condemned the expenditure, calling it reckless in light of Nigeria’s ongoing economic difficulties.

Sowore accused Tinubu of prioritizing personal luxury, including the purchase of jets and bulletproof vehicles, while failing to address the nation’s pressing economic issues. He argued that Nigerian leaders are more concerned with their own interests than with alleviating the suffering of the people.

In one of his posts, Sowore remarked, “Asiwaju Bola Ahmed Tinubu said one year isn’t enough for Nigerians to enjoy a better country, but look at what he bought for himself in just one year: yacht, jet, bulletproof Escalade, mansion for VP. #RevolutionNow.”

Sowore also highlighted the president’s use of the jet during a trip to France, stating, “Bola Tinubu finally launched his $150 million presidential jumbo jet on his way to Paris. The only thing that makes these thieving rulers in Nigeria happy is when they fulfil their personal desires; they don’t care about the people.”

This controversy arises amid a contractual dispute between the Nigerian government and the Chinese company Zhongshan Fucheng Industrial Investment Co. Limited, which led to the temporary confiscation of three Nigerian government-owned aircraft. The dispute coincides with nationwide protests, labeled #EndBadGovernanceInNigeria, calling for improved economic conditions and governmental reforms.

China’s largest electronics commercial area Huaqiangbei propels entrepreneurship

By Han Xin, Cheng Yuanzhou, People’s Daily

At 9:00 a.m., electronic markets at Huaqiangbei commercial area in Shenzhen, south China’s Guangdong province, were already bustling with activities. Known as the largest commercial area for electronics markets in China, Huaqiangbei was crowded with people running errands, making purchases and enquiring about prices.

Lu Dongli, in his forties, walked through the crowds and made his way into the Black Ark, a hardware innovation center in the Electronic Technology Building of Huaqiangbei.

Lu came to Huaqiangbei in 2006 for semiconductor trade. Five years later, he founded his company ChipReal in a small cubicle within the SEG Science and Technology Park of Huaqiangbei. Such a tiny cubicle measuring one meter in width was also referred to as a “one-meter counter.”

There are countless one-meter counters in Huaqiangbei, each representing a business venture and the aspiration of entrepreneurship.

“Thanks to the complete industrial chain and aggregation effect in Huaqiangbei, our company has experienced steady growth in recent years,” said Lu.

In October 2022, Lu moved his office to an office building in the central area of Huaqiangbei, turning his one-meter counter into a business start-up that covers over 300 square meters.

There are millions of entrepreneurs like Lu in Huaqiangbei. Before China began the reform and opening up process in 1978, Huaqiangbei was only a large paddy field. After Shenzhen was established as a special economic zone, major enterprises started building factories in the region, laying the foundation for the electronics industry in Huaqiangbei, which later emerged as one of the most vibrant business hubs in Shenzhen.

Just one month ago, Lu’s company received an unexpected call from a customer, who placed an order for 40,000 power supply chips annually. Lu immediately contacted his suppliers, only to be told that market prices had risen and their previously agreed price was no longer valid.

Lu made a quick decision to replace the supplier. “I don’t want to make a poor deal and couldn’t risk losing a potential client as well,” said Lu. 

“There’s nothing you can’t buy in Huaqiangbei,” Lu said. 

As a business area covering 1.45 square kilometers, Huaqiangbei is home to around 110,000 businesses, each of which has business relations with factories across China. This has made Huaqiangbei the world’s largest distribution center of electronic parts and components.

After spending nearly two hours making phone calls, Lu eventually found a supplier whose office was right in the building next to his.

Lu received the samples at 2:00 p.m., checked the necessary details, and then sent them to a third-party organization for examination. Subsequently, he received the approval certificate, which marked the success of his new deal.

Technical services are also essentially for a seller of electronic parts and components. Since 2018, ChipReal has expanded its business into product distribution, providing clients with technical assistance throughout the entire production process, from solution design to mass production.

Behind this expansion was a change in its business strategy. “Trading a single product can lead to quick profits, but it also comes with high risks. By expanding our range of services, our business has become more stable and sustainable,” said Lu.

Thanks to the expanded technical services, ChipReal has seen an annual revenue growth of 15 percent and gained nearly 900 new clients in China’s Yangtze River Delta, the Pearl River Delta and northeast China. 

In the first half of this year, the company’s sales volume rose by over 10 percent year on year, with technical services contributing nearly 40 percent to the increase.

The Huaqiangbei Electronics Market, which gave birth to numerous “one-meter counters,” is undergoing a profound transformation. Last year, 100,000 square meters of business areas were newly built in the market, and over 80 percent of the space of newly renovated electronics markets has been rented. This year, 14 business incubators began serving more than 400 innovative companies, and daily foot traffic in business areas has exceeded 1 million people.

Seizing new opportunities, Huaqiangbei is brimming with new vitality. Planning to build itself into a global electronic component trading hub, a global hardware innovation and entrepreneurship center, and an international consumer center for trendy electronics, it is growing into an internationalized district for innovation and entrepreneurship.

“Panda train” in China brings new travel experience to tourists

By You Yi, People’s Daily

At 5:10 p.m., China’s “panda train” Y152 taking 459 passengers pulled out of the Chengdu West Railway Station, southwest China’s Sichuan province, embarking on a 16-day journey to multiple popular tourist attractions in northeast China, such as Beiji village or “North Pole village” located at China’s northernmost tip in Mohe city, Heilongjiang province, and the Tianchi Lake on Changbai Mountain, Jilin province.

With panda images painted on its body, the panda-themed tourist train offered throw pillows printed with panda patterns and panda-shaped pastries, attracting many tourists to take on.

Stepping into a carriage, passenger Liao Yong saw a washroom, a locker, and a shower cubicle located on both ends. In his cabin, there were two double-deck berths, clean and tidy. The cabin was equipped with a television, an attendant call device and a storage cabinet. Liao even surprisingly found a socket beside his berth, which allowed him to charge his phone at anytime.

As suppertime neared, Liao went to the dining carriage with his friends, where they were welcomed by a wide array of delicacies, such as panda-shaped rice balls with nori and panda-shaped tangyuan made of glutinous rice and black rice. There were also appetizing many exquisite Sichuan dishes, including cold pot skewers, spicy Dan Dan noodles and leaf-wrapped sticky rice buns.

“I heard there is also an entertainment carriage, where passengers can sing karaoke and drink tea. It just feels so good,” said Liao.

He said that the “panda train” offered a relaxing travel experience after retirement as he could enjoy the scenery and have a good rest onboard.

The panda-themed train is a high-end boutique tourist train operated by China Railway Chengdu Bureau Group Co., Ltd. Travelers can take the “panda train” to experience cultures and ethnic features in different parts of China. With multiple functions including transportation, accommodation and entertainment, the train was developed to meet the emerging tourism needs of the silver-hair group, and well combined tourism resources in northeast China, including natural scenery, folk customs, history and culture.

“Compared to conventional tourist trains, the panda train is equipped with more facilities, such as smart locks, entertainment devices and thermostatic showers. It also provides customized services for different tourist groups, including afternoon tea and karaoke activities,” said train conductor Zheng Li.

According to statistics, the “panda train” has made 84 trips since it started trial run in March 2021, carrying more than 20,000 passengers to multiple tourist attractions, such as Dunhuang in northwestern China’s Gansu province, Urumqi in northwest China’s Xinjiang Uygur autonomous region, Ejin banner in north China’s Inner Mongolia autonomous region, Xishuangbanna in southwest China’s Yunnan province and Yantai in east China’s Shandong province. It perfectly combines sightseeing with train travel, meeting travelers’ need for a flexible journey.

“Since this year, there has been a growing demand for the train among tourists in Sichuan, southwest China’s Chongqing, and southwest China’s Guizhou province. So far, we have launched over 200 panda-themed trains, handling nearly 100,000 tourists,” said Chen Xuan, head of Sichuan Southwest Rail International Travel Agency of Sichuan Chengdu Railway International Business Travel Group.

According to Chen, the “panda train” has launched multiple tourism routes covering major tourist attractions across China for travelers to appreciate the country’s rich historical sites, natural landscape and dedicated food.

With tourism routes centered around seasonal features and innovative tourism products, the “panda train” offers unique travel experiences, meeting the needs of the Chinese tourism market for personalized, comfortable, convenient, and diverse travel options.

Chinese platform facilitates technological innovation of enterprises

By Yu Weiliang, Fan Haotian, People’s Daily

High-quality development of enterprises relies heavily on technology and talent. In Wuhan, capital of central China’s Hubei province, a dedicated platform has been established to bridge the gap between enterprises and technological expertise.

In a laboratory of the School of Automation, China University of Geosciences, associate professor Zhang Jingjing was working with Yan Wenlin, head of R&D with Wuhan AI Intelligent Technology Co., Ltd., to test a newly developed temperature and humidity sensor prototype. Connecting circuit boards to oscilloscopes and multimeters, they examined waveforms, and measured voltage and current.

Just three months ago, Zhang and Yan, whose offices are only two kilometers apart, had never met each other. What brought them together was the Hubei Sci-tech Innovation Supply Chain Platform (hereafter referred to as “the Platform”). 

The Platform was launched in 2023, with companies proposing research topics and universities and research institutes offering responses, creating an industrial innovation ecosystem that is demand-oriented and enterprise-centered. 

It provides services for users across the province, such as contract signing and supply-demand matchmaking of technology, human resources, and financing.

Zhang, engaged in computer vision research, had long entertained the idea of empowering agriculture with artificial intelligence, but had not found the proper approach yet.

Wuhan AI Intelligent Technology Co., Ltd. is a business startup committed to developing affordable sensors that can be used by aquaculture farmers. Before meeting Zhang, Yan had sought technological support from multiple agricultural universities and research institutions, only to be met with disappointment.

Yan attributed it to two reasons. “First, researchers’ focuses don’t always align with the needs of companies; second, they don’t have enough trust for small enterprises like us.”

Thanks to the Platform, enterprises can now easily find technological support just like they would shop online. “The intelligent matching model on the Platform enables ‘one-click matchmaking,’ which can ensure quick and easy connections between supply and demand. Behind every piece of effective information is a technology manager who provides comprehensive services to both enterprises and research institutions. This allows for rapid communication and problem-solving,” said Li Tianpei, general manager of Hubei Sci-tech Innovation Supply Chain Co., Ltd.

Learning about the Platform, Yan registered on it through a quick QR code scan and posted a request for creating a micro temperature and humidity sensor. Soon, Yan was recommended with multiple eligible technology suppliers.

Finally, Yan selected Zhang’s team under the recommendation of a technology manager. In just a week, Zhang devised a detailed development plan for developing the sensor, rapidly completing the prototype design and moving on to the testing phase.

How can sci-tech achievements be turned into commercial products after aligning supply and demand? 

Hubei has rolled out new policies to improve the incentive mechanism by taking Wuhan East Lake High-Tech Development Zone (EDZ) as a pilot, in an effort to boost collaborations on the Platform.

An annual special fund of 200 million yuan ($27.85 million) has been set up to support the phased transformation and commercialization of sci-tech achievements. It also supports collaborative research among enterprises, universities, and research institutions, with the government providing enterprises with one-third of the actual investment. The maximum financial support for a single project is 1 million yuan.

In February this year, Wuhan Ganwei Technology Co., Ltd. posted on the Platform a demand for a highly integrated industrial-grade infrared optical gas sensor. Experts from the Optics Valley Laboratory (Wuhan National Laboratory for Optoelectronics) located in EDZ, also known as  Optics Valley of China, soon took up the task. “Initially, our projected budget was 1 million yuan, but the cost proposed by the experts was slightly higher,” said Zhang Junlong, the company’s general manager.

Thanks to a project it joined under the encouragement of EDZ, the company became eligible for a 1-million-yuan incentive fund, which allowed Zhang Junlong to focus on the collaboration with the laboratory.

As of now, the Platform has attracted over 34,000 active companies, which have released more than 16,000 demands. Over 4,500 collaborations have been facilitated.

Mid-year review of China’s major-country diplomacy: maintaining self-confidence, self-reliance, demonstrating sense of duty as responsible major country

By He Yin, People’s Daily

Great transformation is accelerating across the world. Changes of the world, of our times, and of historical significance are unfolding like never before, and the world has entered a new period of turbulence and transformation.

Yet the overall direction of human development and progress will not change, the overall dynamics of world history moving forward amid twists and turns will not change, and the overall trend toward a shared future for the international community will not change.

Since this year, under the guidance of Xi Jinping Thought on Diplomacy, China has followed the principles of self-confidence and self-reliance, openness and inclusiveness, fairness and justice, and win-win cooperation in its pursuit of major-country diplomacy with Chinese characteristics. Committed to building a community with a shared future for mankind, China has demonstrated its sense of duty as a responsible major country. 

Chinese President Xi Jinping paid state visits to France, Serbia and Hungary at invitation from May 5 to 10, which have consolidated China’s relations with the three European countries and relaunched China-EU cooperation. 

On May 30, Xi attended the opening ceremony of the 10th Ministerial Conference of the China-Arab States Cooperation Forum and delivered a keynote speech, in which he proposed that China is ready to work with the Arab side to put in place “five cooperation frameworks” to step up the building of a China-Arab community with a shared future.

On June 28, Xi attended and delivered an important speech at the Conference Marking the 70th Anniversary of the Five Principles of Peaceful Coexistence, stressing the importance of carrying forward these principles and jointly building a community with a shared future for mankind.

From July 2 to 6, Xi attended the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) in Astana and paid state visits to Kazakhstan and Tajikistan at invitation, charting the course for the development of the SCO, deepening China’s good-neighborly relations with regional countries, and promoting the substantial advancement of building a community with a shared future among neighboring countries.

Xi also met and held talks with dozens of foreign leaders visiting China, renewing friendships and discussing cooperation.

China’s splendid head-of-state diplomacy and its substantial results are writing new chapters of China’s interactions with the world.

China has always been committed to independence and self-reliance. It develops the country and nation with its own strength and maintains a firm grasp on the future of its development and progress. China stays committed to an independent foreign policy of peace, and stays true to the belief that peace and development represent an irresistible trend of the times.

In pursuing major-country diplomacy with Chinese characteristics for the new era, China firmly safeguards its sovereignty, security and development interests with a firm will to create a more favorable international environment and provide more solid strategic support for building China into a great modern socialist country in all respects and advancing the great rejuvenation of the Chinese nation on all fronts through the Chinese path to modernization.

China firmly assumes its responsibilities on major issues concerning the unity, cooperation and legitimate rights of developing countries and major issues concerning the future of mankind and the direction of world development.

Maintaining self-confidence and self-reliance, major-country diplomacy with Chinese characteristics is always committed to upholding peace and stability.

Xi has engaged in in-depth exchanges of views with leaders of various countries on international and regional hotspot issues, including the Ukraine crisis and the Palestinian-Israeli conflict. He explained China’s position on the Ukraine crisis from a historical perspective and strategic viewpoint, and also provided an overarching summary of the consensus and shared interests between China and Europe. 

He said China and the EU should jointly oppose spillover and escalation of the fighting, create conditions for peace talks, safeguard international energy and food security, and keep industrial and supply chains stable.

On the Palestinian-Israeli conflict, Xi stressed that the pressing task is to realize a comprehensive ceasefire as quickly as possible, that the key priority is to ensure humanitarian assistance, and that the fundamental way out is to implement the two-State solution.

Under China’s mediation, senior representatives from 14 Palestinian factions held reconciliation talks in Beijing and signed the Beijing Declaration on Ending Division and Strengthening Palestinian National Unity.

China always stands on the right side of history, stands with peace and justice and holds the international moral high ground. It has received wide recognition and high appraisal from the international community, becoming an indispensable force in promoting world peace and stability.

Major-country diplomacy with Chinese characteristics is always committed to promoting common development. 

China is endeavoring to build itself into a stronger country and rejuvenate the Chinese nation on all fronts by pursuing Chinese modernization. The immutable goal of Chinese modernization is to deliver a better life to the whole of more than 1.4 billion Chinese people. For the world, this means a broader market and unprecedented cooperation opportunities. It will also instill strong impetus in the global modernization endeavor.

Xi has repeatedly expounded on the global significance of Chinese modernization on both bilateral and multilateral occasions, clearly demonstrating China’s commitment to peaceful development, open development, cooperative development, and win-win development.

He said China will continue to advance high-quality development and Chinese modernization, enable the Chinese people to live a better life, and contribute more to sustainable development in the world. 

He noted that China will further comprehensively deepen reform and promote high-quality development and high-level opening up, which will provide new impetus and new opportunities for global economic development.

Looking to the future, China will provide new and greater opportunities for world development by advancing Chinese modernization on all fronts through the new achievements.

Naira Falls to N1,600/$ in Parallel Market, While Appreciating in Official Market

The Naira experienced a depreciation in the parallel market yesterday, dropping to N1,600 per dollar from N1,590 per dollar over the weekend. However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated slightly, reaching N1,579.22 per dollar from N1,579.89 per dollar last Friday, showing a 67 kobo gain.

According to data from FMDQ, the volume of dollars traded in the market increased by 41.4%, rising to $162.99 million from $115.23 million over the weekend. As a result, the gap between the parallel market and the NAFEM exchange rates widened to N20.78 per dollar from N10.11 per dollar last Friday.

Ewu Kingdom President General and Okuama Leaders Arrested by Men in Military Uniform

UGHELLI—Professor Arthur Ekpekpo, the wanted President General of Ewu Kingdom, was arrested by men in military uniform at an undisclosed location in Sapele on Sunday night. His current whereabouts remain unknown.

Additionally, two other leaders from Okuama, Chief Belvis Adogbo and Dennis Akugbaye, were reportedly apprehended by armed men in plain clothes on Monday morning at different locations in Ughelli.

A source from Okuama, who wished to remain anonymous, suggested that these arrests might be linked to a March incident that resulted in the deaths of 17 military personnel. The source speculated that officials from the Department of State Services (DSS) might be responsible for the detentions, although no official confirmation has been provided.

The arrests come at a time when peace was slowly returning to the Okuama community, with the Delta State government working on plans to resettle displaced residents. The community was devastated in March 2024 when Nigerian Army soldiers razed it in a retaliatory attack following the killing of 17 soldiers by gunmen near the area. The attack left the community in ruins, with every building, including hospitals and schools, reduced to rubble.

So far, security agencies have not issued any official statements regarding the arrests, and a senior police officer indicated that they were unaware of the developments.

House of Reps Minority Caucus Decries Rising Insecurity, Urges Immediate Action on Kidnappings

The minority caucus in the House of Representatives has voiced deep concern over the worsening security situation in Nigeria, highlighting the alarming rise in kidnappings and killings that have instilled widespread fear among citizens.

In a statement released on Monday, Kingsley Chinda, the caucus leader, strongly condemned the recent abductions of travelers, including the kidnapping of 29 medical students in Benue who were en route to a conference. The lawmakers warned that such incidents pose a serious threat to the future of education and healthcare in the country.

The caucus also criticized the abduction of traditional leaders, such as the Sarkin Gobir of Gatawa district in Sokoto and his son, and the murder of the Gara of Chanchanji and his son in Taraba state. They described these events as indicative of a complete breakdown of security in the nation.

In response, the lawmakers called on security agencies to revise their strategies, act swiftly to rescue those kidnapped, and ensure that the criminals responsible are brought to justice. They urged the government to prioritize the safety of all Nigerians by enhancing intelligence gathering, improving coordination among security agencies, and implementing community-based security measures.

Additionally, the caucus urged President Bola Tinubu to take immediate action in safeguarding lives and properties by declaring a state of emergency in the security sector. The statement emphasized that the 29 abducted medical students, who are committed to advancing education and healthcare in Nigeria, must not be abandoned to suffer at the hands of criminals.

NNPCL Announces N3.3 Trillion Profit for 2023, Distributes N2.1 Trillion in Dividends to Shareholders

On August 20, 2024, the Nigerian National Petroleum Company Limited (NNPCL) declared a net profit of N3.297 trillion for 2023, a significant increase from the previous year’s profit. The company also announced that N2.1 trillion would be distributed as dividends to its shareholders, marking a 28% increase compared to the 2022 dividends.

NNPCL’s Chief Financial Officer, Umar Ajiya, emphasized the company’s commitment to transparency and operational resilience, attributing the success to strategic foresight and adherence to the Petroleum Industry Act (PIA) 2021.

The company also provided updates on the Port Harcourt Refinery, with its Crude Distillation Unit (CDU) now operational. NNPCL continues to work on addressing current distribution challenges affecting petrol supply, particularly due to adverse weather conditions and infrastructure issues.

NNPCL’s impressive financial turnaround, from a loss of N803 billion in 2018 to a record profit in 2023, highlights its ongoing commitment to profitability and national energy security.