Editorial
World Bank Presidency: Matters Arising
Contrary to expectations that the selection of the World Bank President would be transparent and merit-based, the election, last Monday, of the United States of America (USA) nominee, Mr. Jim Yong Kim as new President, clearly showed that the preference of the super powers in the selection process still prevails.
The entire process appeared tilted more towards politics rather than a search for a position as sensitive as the best candidate for the World Bank top job. This, in our view, is a negation of the agreement reached by all of the bank’s 187 member countries, last year, to adopt a transparent and merit-based process for the position.
The election was precisely a re-enactment of the tradition where US would always produce the Bank President for the singular reason that she is the largest shareholder in the bank.
The World Bank, a family of five international organisations that offers loans, generally to poor countries, came into formal existence on December 27, 1945, following international ratification of the Bretton Woods agreements.
Recently, the Bank has focused its activities on developing countries, in fields such as human, agricultural and rural development, environmental protection, infrastructure and indeed governance.
Loans are accordingly given at preferential rates to the poor countries with the most needs.
But we think it expedient for the US and her allies to review their policies concerning the administration of the World Bank to make for more liberal and transparent and democratic process, particularly now that, for the first time, member nations have come to take keen interest in the bank.
It should no longer be business as usual where European becomes Managing Director of the International Monetary Fund(IMF) and the United States of America will produce the President of the World Bank. This old order does not help the emerging economies.
But defenders of the World Bank contend that no country is under any form of conpulsion to go aborrowing. The Bank provides both loans and grants which are given to countries that have no access to international capital markets. This is why emerging economies ought to look inwards and be more proactive in economic development and good governance.
Be that as it may, The Tide believes that such a flawed selection process of the presidency of the bank, is capable of strengthening the fears of the developing nations and puts a question mark on the sincerity of America and Europe on claims to champion merit-based appointments in democratic systems.
The development has also raised a moral question on the integrity of US and other advanced democracies who refer to those who promote undemocratic ideals in other parts of the world as despots.
We urge emerging economies such as China, India and Brazil, and others in Africa to be challenged by this show of naked power, and in sustained unity intensify pressure on the United States and Europe to throw open the selection process for both the bank and the IMF.
This, we believe, can be achieved when developing and emerging economies are able to develop their economies to the extent that they can no longer be ignored when global financial issues are discussed.
While we join the rest of the world in congratulating the new President of the World Bank, Mr. Jim Yong Kim, he should see his new position beyond his area of specialisation and move the World Bank forward.
Editorial
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Editorial
WPFD: Nigeria’s Defining Test
Nigeria stands at a critical juncture as the world marked World Press Freedom Day (WPFD) on May 3. This annual observance is a reminder that a free press is central to democratic life, good governance, and public accountability. For Nigeria, it is also a moment for sober reflection on how far the country has come and how far it still has to go in safeguarding the independence of its media.
World Press Freedom Day exists to highlight the fundamental importance of freedom of expression and to honour journalists who risk their lives in pursuit of truth. It underscores the idea that without a free press, societies cannot function transparently, nor can citizens make informed decisions. In countries like Nigeria, where democracy continues to evolve, the observance carries particular urgency.
This year’s theme, “Shaping a Future at Peace: Promoting Press Freedom for Human Rights, Development and Security”, places journalism at the heart of global stability. It emphasises that a peaceful society cannot be built on silence, fear, or manipulated information. Rather, it depends on the free flow of accurate, timely, and independent reporting.
At its core, the theme highlights the role of journalism in fostering accountability, dialogue, and trust. These are not abstract ideals. In Nigeria, where public confidence in institutions is often fragile, the media remains one of the few platforms through which citizens can question authority and demand transparency. When press freedom declines, so too does public trust.
Journalism serves as a foundation for peace, security, and economic recovery. Countries with robust media systems tend to attract greater investment, maintain stronger institutions, and resolve conflicts more effectively. Nigeria’s economic challenges, ranging from inflation to unemployment, require open scrutiny and informed debate, both of which depend on a free press.
However, the issue of information integrity has become increasingly complex in the digital age. Artificial Intelligence (AI) and online platforms have amplified the spread of misinformation and disinformation. In Nigeria, where internet penetration has grown rapidly, false narratives can travel faster than verified facts. This makes the role of credible journalism more vital than ever.
The challenge is not only technological but also ethical. AI-driven manipulation of information threatens to distort public discourse, influence elections, and deepen social divisions. In such an environment, professional journalism must act as a stabilising force, ensuring that truth prevails over sensationalism and propaganda.
Equally troubling is the safety of journalists. Across Nigeria, reporters face growing levels of online harassment, judicial intimidation, and physical threats. Self-censorship is becoming more common, as media practitioners weigh the risks of reporting sensitive issues. This trend undermines the very essence of journalism.
A particularly alarming incident involved a serving minister in the present administration, who openly threatened to shoot a journalist during a televised exchange. Such conduct, broadcast to the public, sends a dangerous signal that hostility towards the press is acceptable. It erodes the norms of democratic engagement and places journalists in harm’s way.
This year’s theme aligns closely with the United Nations Sustainable Development Goal (SDG)16, which promotes peace, justice, and strong institutions. Freedom of expression is a cornerstone of this goal. Without it, institutions weaken, corruption thrives, and justice becomes elusive. Nigeria’s commitment to SDG 16 must therefore include genuine protection for the media.
Historically, the Nigerian press has been a formidable force. From resisting colonial rule to challenging military dictatorships, our journalists have played a central role in shaping the nation’s political landscape. Today, however, that legacy appears to be under strain, as the media operates under what can best be described as a veneer of freedom.
Beneath this facade lies a troubling reality. Journalists are routinely harassed, detained, and prosecuted for performing their constitutional duties. Reports from media watchdogs indicate that dozens of Nigerian journalists face legal threats or arrest each year, often for exposing corruption or criticising those in power.
The Cybercrimes (Prohibition, Prevention, etc.) Act of 2015 has become a focal point of concern. Originally intended to combat cyber threats, it has increasingly been used to silence dissent. Sections 24 and 27(1)(b), in particular, have been invoked to target journalists, bloggers, and social commentators.
Although amendments introduced in February 2024 were meant to safeguard journalists, concerns persist. The law continues to be wielded in ways that stifle investigative reporting and restrict freedom of expression. Legal reforms must go beyond cosmetic changes to address the root causes of misuse.
To safeguard the future of journalism in Nigeria, decisive action is required. The Cybercrimes Act must be revisited to ensure it cannot be weaponised against the press. Law enforcement agencies must operate free from political influence, upholding the rule of law and protecting journalists’ rights. Civil society and international partners must also strengthen independent media through funding, training, and platforms for wider reach.
In this rapidly evolving world shaped by artificial intelligence and digital innovation, Nigeria faces a clear choice. It can either allow press freedom to erode under pressure, or it can champion a truly independent media landscape. The path it chooses will determine not only the future of journalism, but also the strength of its democracy and the peace it seeks to build.
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