News
New growth drivers gain steam amid China’s innovation push

After constant efforts to push forward innovation-driven development, China has made visible progress in industrial upgrading, with new growth drivers emerging and new business forms flourishing, a recent report showed.
In 2021, the industrial output of major high-tech manufacturers made up 15.1 percent of the total value-added industrial output, 5.7 percentage points higher than that in 2012, according to a new report released by the National Bureau of Statistics.
The output of new energy vehicles last year was 28.2 times higher than that of 2014, while industrial robot output was 12.5 times higher than the 2014 figure, the report said.
China’s services sector has an improving structure. In 2021, the added value of information transmission, software and information technology services accounted for 7.2 percent of the added value of the services sector, up 2.5 percentage points from 2012.
INNOVATION-DRIVEN EFFORTS
What is behind these stellar figures is China’s perseverance in promoting scientific and technological innovation.
In 2021, China invested 2.8 trillion yuan (about 393.2 billion U.S. dollars) in research and development (R&D), up by 1.7 times from 2012. The share of R&D expenditure in GDP stood at 2.44 percent, nearing the average level of Organization for Economic Cooperation and Development countries.
At the end of 2021, the country had a total of 330,000 high-tech enterprises and 4,762 “little giant” companies, representatives of China’s small and medium-sized enterprises that specialize in niche markets and are endowed with cutting-edge technologies and great potential.
The number of authorized patents registered an average annual growth of 15.5 percent during the past 10 years.
The government has also pooled efforts to optimize mechanisms to smoothen the financing channels for technology firms. The country launched the sci-tech innovation board in 2019 and the Beijing Stock Exchange in 2021, tilting financing more in favor of innovation-powered firms.
Official data showed that 46 of the around 2,200 Chinese listed firms in emerging industries are valued at over 100 billion yuan each, up from zero 10 years ago.
BURGEONING NEW ECONOMY
Changes in the Chinese economy gained momentum after the country switched gear to new growth drivers.
Over the last decade, China has been promoting deep integration between the digital economy and the real economy. As a result, cashless transactions have become ubiquitous in daily life.
Online shopping has become a bright spot in China’s consumer market, as the online retail sales of physical goods exceeded 10.8 trillion yuan in 2021, accounting for 24.5 percent of the total retail sales of consumer goods, said the report.
Driven by the record-setting sales volume of online retail, China’s courier sector handled 108.3 billion parcels in 2021, surging by 18 times in the 2012-2021 period, reinforcing China’s top status in the world in terms of express delivery volume.
The report also highlighted the booming digital economy. The added value of core industries in the digital economy accounted for 7.8 percent of GDP in 2020 and the size of China’s digital economy ranked second globally.
News
N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

Indications emerged that the personal Assistant to the Secretary to the Government of the Federation, SGF Senator George Akume, Hon. Andrew Torhile Uchi, is currently in the facility of the Economic and Financial Crimes Commission, EFCC over allegations bordering on corruption, bribery and money laundering amounting to a whooping N10 billion.
A highly placed source at the Commission yesterday, confirmed to our correspondent that the embattled Uchi was invited by the operatives of the Commission on Monday, upon a petition received by the anti-graft agency over Alleged properties he acquired in Abuja, Jos, Makurdi, Gboko and Wannune in Tarka, local government Area of Benue State amounting to over N6 billion.
According to the source, further investigations so far, has revealed that between December 2023 to date the anti-graft agency has been able to trace a whooping N1.6 billion that was allegedly used in buying purch cars through four new generations banks to nine car dealers in Abuja, Kaduna, Lagos, Jos and Makurdi respectively.
The source further added that two Bureau de change operatives are currently been investigated by the Commission, over their alleged involvement in the scam, owing that most of the funds credited to embattled Torhile Andrew Uchi, emanated from their coys.
He said that the Commission is currently working towards getting a court nod to widen the scope of their investigations to the properties in Abuja, Jos and other part of the country to ascertain the source of the income and how the properties were allegedly purchased.
As of the time of filing in this report Mr. Uchi, is still in custody of the Economic and Financial Crimes Commission, EFCC, telling the dreaded operatives of the Commission how he allegedly got the funds which is largely believed to be proceeds from bribes.
Efforts to reach the spokesman of the Commission, Mr Dele Oyewale, proved abortive as his phone lines was said to be switched off.
News
Natasha suspended solely for unruly behaviour – Senate tells IPU

The Nigerian Senate has formally responded to Senator Natasha Akpoti-Uduaghan’s complaint to the United Nations Inter-Parliamentary Union (IPU), refuting allegations that her suspension was linked to claims of sexual harassment.
According to Vanguard, Senator Natasha had petitioned the global body, seeking intervention over what she described as an injustice against her.
However, in a letter signed by Senate Leader Opeyemi Bamidele, the Senate insisted that her six-month suspension was due to “gross misconduct and unruly behavior”, not allegations of sexual harassment or assault.
The letter, read by Hon. Kafilat Ogbara, Chairperson of the House of Representatives Committee on Women Affairs and Social Development, stated:
“The authority of the Senate of the Federal Republic of Nigeria firmly refutes the deliberate misinformation and false narrative being circulated by certain media organisations regarding the six-month suspension of Senator Natasha-Akpoti-Uduaghan.”
It further emphasized that “Senator Uduaghan was suspended solely for her persistent act of misconduct and disregard for the Senate Standing Orders.”
Additionally, the Senate called for a thorough investigation into the allegations she raised against Senate President Godswill Akpabio, maintaining that all due procedures were followed before her suspension.
Senator Natasha, however, vowed to continue her fight against “injustice”. Meanwhile, Senate President Akpabio has denied the accusations, asserting that he has never assaulted any woman.
The dispute between the two lawmakers intensified on February 20, 2025, after Natasha’s seat was changed during plenary. Their tensions date back to July 2024, when Akpabio rebuked her for alleged misconduct, telling her the Senate was “not a nightclub where anybody can talk anyhow.” He later apologized for the remark.
News
Gov Okpebholo recalls Edo Attorney General, Osagie, from suspension

Edo State Governor, Senator Monday Okpebholo, has reinstated the Attorney General and Commissioner for Justice, Hon. Samson Osagie, exactly 37 days after his suspension.
A letter addressed to Osagie by the Secretary to the State Government (SSG), Umar Ikhilor, Esq., and marked SGA. 15/NOL.XV111/215, conveyed the governor’s directive. The letter, dated March 12, 2025, and released at 8:15 p.m., stated that an investigative panel had exonerated Osagie of alleged financial infractions.
The letter read: “Having considered the report of the Investigative Panel set up by Government to investigate allegations of financial infractions reported against you, which has exonerated you from the said allegations, I write to convey the directive of the Governor of Edo State, His Excellency, Senator Monday Okpebholo, that you resume duties as the State Hon. Attorney General and Commissioner for Justice with effect from 12th March, 2025.”
Reacting to his reinstatement, Osagie expressed appreciation for the governor’s leadership, describing the decision as a testament to Okpebholo’s sincerity and vision for Edo State.
“I appreciate his sincerity of purpose and vision for the state. This is a clear indication that His Excellency, Sen. Monday Okpebholo, means well for the state. I use this medium to reiterate my commitment and loyalty to him and his administration,” Osagie said.
He further pledged to support the governor in advancing Edo State, emphasizing his dedication to ensuring progress and recovery in the state’s governance.
-
News15 hours ago
N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi
-
Foreign13 hours ago
Small packages, big Momentum: how logistics reflects China’s economic strength
-
Foreign12 hours ago
China’s meteorological early warning solutions benefit the world
-
Foreign12 hours ago
China’s economic resilience: overcoming challenges, advancing with confidence
-
Foreign12 hours ago
High-quality Belt and Road cooperation create opportunities for global growth
-
Foreign11 hours ago
Chinese democracy in action:a village bench meeting shapes national law
-
Foreign12 hours ago
Chinese modernization: blueprint for global progress
-
Foreign11 hours ago
China’s new chapter in global innovation