Business
China Announces Visa Exemption For Nigerian Diplomats, Officials
The Chinese govern
ment last Saturday announced visa exemption for Nigerian diplomats and senior government officials with effect from February 1.
The outgoing Chinese Ambassador to Nigeria, Mr Deng Boqing, made the disclosure at “Nigeria-China Business Roundtable and Luncheon” in Lagos, organised by the Nigerian Institute of International Affairs (NIIA).
Deng said the decision became imperative following an agreement recently reached by President Goodluck Jonathan and the Chinese President, Xi Jinping.
He added that “we all know that visa issue is very important for the purpose of promoting our countries’ relations.
“We have, therefore, decided to offer visa exemption for Nigerian diplomats and senior government officials in a first phase. In the future, we will also be working with the Nigerian government to simplify other citizens’ visa application process.
“China is prepared to promote people-to-people interaction between the two countries.’’
The Chinese ambassador advised Nigerian and Chinese business communities to be friendly in promoting business interaction between them.
He said Chinese investors’ planned to increase their Foreign Direct Investment in Nigeria in the New Year and beyond.
Deng said trade between both countries increased by 25 per cent in the last three years.
The envoy commended Nigerians for the encouragement and support he enjoyed during his tenure as ambassador.
The NIIA Director-General, Prof. Bola Akinterinwa, urged the Chinese government to also facilitate visa processes for Nigerian businessmen and women.
Akinterinwa said there were lots of trade and business relations between both countries, which he said Nigerians should take advantage of.
He said the business roundtable was organised to bring Nigerian businesses and their Chinese counterparts together for effective interaction and business transactions.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
News2 days agoDon Lauds RSG, NECA On Job Fair
-
Transport11 hours agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Niger Delta8 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation10 hours agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta10 hours ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Sports10 hours agoSimba open Nwabali talks
-
Niger Delta8 hours ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy11 hours agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
