Foreign news
Xi: China Firmly Supports Global Economic Recovery, Free Trade
China will continue to implement a win-win strategy of opening-up, said Chinese President Xi Jinping at the Davos Agenda 2021 of the World Economic Forum on Monday. He stated that economic globalization meets the need of growing social productivity and is a natural outcome of scientific and technological advancement.
“It serves no one’s interest to use the pandemic as an excuse to reverse globalization and go for seclusion and decoupling,” he said in a video speech.
Xi reiterated China’s commitment to opening-up, adding that the country will foster a business environment that is governed by law and up to international standards.
He said China would also work toward realizing the potential of its enormous consumer market.
China has made continuous efforts to further open up its market, including further reducing the number of sectors and industries that were off-limits to both Chinese and overseas investors at the end of 2020.
Call for policy coordination
Noting the world is going through the worst recession since the end of the Second World War, Xi called for coordination in global macroeconomic policies in promoting sustainable and inclusive growth of the post-pandemic global economy.
“We need to shift the driving forces and growth models of the global economy and improve its structure to set the course for long-term, sound and steady development of the world economy,” said Xi.
China has been the only major economy to achieve economic growth last year amid the grave and complex environment posed by the COVID-19 pandemic.
The world’s second-largest economy brought its economic growth back to a pre-pandemic rate of 2.3 percent in 2020, while many economies remain mired in recession.
The World Bank estimated an uptick of 7.9 percent of China’s real GDP in 2021, compared with 3.5 percent in the U.S.
The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, according to the World Bank.
Foreign news
NTAC Hails Tinubu; Volunteers Ready to Positively Impact Nigerians
Joel Ajayi
The Nigerian Technical Aid Corps (NTAC) has commended President Bola Tinubu for funding the Technical Aid Corps (TAC) Scheme.
The Director General (DG) of NTAC , Dr Yusuf Yakub, made the commendation during a ceremony to receive five returning TAC volunteers from Zanzibar, Tanzania on Tuesday in Abuja.
The returning volunteers also expressed readiness to impact knowledge gained from participating in the programme on Nigerians.
TAC is a mechanism for Nigeria’s foreign aid and technical assistance to African, Caribbean and Pacific countries through the use of Nigeria’s abundant trained manpower.
Yakub lauded Tinubu’s visionary leadership and steadfast support for the TAC Scheme.
Welcoming the volunteers who had discharged themselves as worthy ambassadors in Zanzibar, the D-G thanked them for their patriotism, dedication to service and for making Nigeria proud on the international arena.
The NTAC boss highlighted the importance of knowledge-sharing, while announcing that certificates of completion will be presented to the volunteers in line with the noble objectives of the service.
He also emphasised the volunteers’ crucial role in passing on the skills and experiences gained in Zanzibar.
He expressed optimism that their efforts would positively impact the lives of Nigerians across the country and shape the expectations and service-delivery of future prospective volunteers.
Earlier speaking, Amb. Zakari Usman, the Director of Programmes for NTAC, expressed gratitude to the D-G for his unwavering support and provision for the volunteers throughout their service period.
He said that the volunteers had so delivered on the mandate of the agency that citizens of Zanzibar did not want them to leave their country.
Popoola Adegoke, the Team Lead and a Mathematics Instructor for the batch of returning volunteers, was full of gratitude to the Federal Government for providing them the opportunity to participate in the scheme.
Adegoke said that Nigeria, was well blessed and had the abundance of both human and natural resources to contribute meaningfully to the development of many countries of the world.
He said that the need to continue the TAC Scheme was not negotiable, owing to its high impact and results.
Mohammed Salisu, a Physicist, said that the experience had broadened his horizon as his orientation during the last 24 months in Zanzibar, especially on the cultural exchange.
He lauded the government for the scheme, saying that Nigeria is seen and perceived to be higher in all ranking, especially in the standard of living and educational system.
He also appealed to the government to sustain the scheme to close the gaps both the educational and professional systems in the African, Caribbean and the Pacific Countries.
NAN
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