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It is in the public domain that members of the Ekiti state house of assembly recently endorsed the 2023 presidential ambition of Kayode Fayemi, despite that he has not openly declared his intention for the top seat. Funminiyi Afuye, speaker of the house who spoke on behalf of the 26-member assembly, gave the endorsement verdict while receiving a group under the auspices ‘Our Belief Project’.
Expectedly, the resolutions by the lawmakers coupled with similar positions in the past have elicited reactions.
To many, the development did not come as a surprise as the interest subjects take in their leader is not in absolute terms predicated on the leader’s physical and intellectual abilities; but, rather in what he can add to their lots in life. Fayemi, in their objective estimation, has done well as a governor. He placed the economic interest of the governed at heart and, therefore, should be entrusted with a higher office.
Webinar urged efficient and empowered authority for CPEC--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
‘CPEC not a debt trap’
Islamabad
March 12, 2021
Islamabad: China-Pakistan Economic Corridor (CPEC) is not a debt trap as all projects in the energy sector are investments and loans constitute only a small proportion of the overall CPEC portfolio, said Dr Ishrat Hussain, adviser to the Prime Minister on Institutional Reforms and Austerity.
Dr Ishrat was speaking at a seminar on ‘Upscaling the economic activities of CPEC: opportunities and challenges,’organised by Institute of Regional Studies here.
Dr Ishrat said that the Chinese loans were on concessional rates of 2.34 per cent. He observed that completed CPEC energy projects had already added 5,320 MW to the power generation capacity in Pakistan with an investment of $7.9 billion. He added that a capacity of 4,440 MW would be added through an investment of another $9.55 billion. He said that the total tally of all projects under CPEC was around $52 billion. He added that plans for upgrading the transmission and distri
China s plan to expand and modernize its transport network will boost connectivity, the allocation of global resources, and trade across the globe, experts have said.
China recently unveiled a program called the Global 1-2-3 Logistics Circle to expand the country s strength in the transport sector over the next 15 years, setting long-term goals for the industry to develop a modern, high-quality and comprehensive national transport network.
The aim is for one-day domestic delivery of goods in China, two-day delivery from neighboring countries, and three-day delivery to major global cities, according to guidelines jointly released last month by the Central Committee of the Communist Party of China and the State Council.
World Insights: China s transport plans to bolster global trade, connectivity - Buz & Tech News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.