Editorial
FG’s N500bn Lifeline For Manufacturers
Recently, the Federal Government approved N500billion lifeline for the manufacturing sector to enable key players reactivate moribund and ailing industries. The step is in response to the cries by investors in employment spinning sector of the Nigerian economy for financial aid.
Vice President Mohammed Namadi Sambo, who announced this in Kaduna while inaugurating the North West Zonal Campaign Office for the Jonathan-Sambo 2011 Presidential Election, said the bailout was part of the administration’s efforts to fast track the country’s economic development intended for creating employment opportunities for the youths and women. The vice president disclosed that out of the N500billion, N100billion has been reserved for the textile industry. He stressed that, government has already disbursed N40billion of that amount to some investors in the textile sub-sector.
Sambo also said that some locomotives had been procured to boost rail transport services, adding that in order to hasten the actualization of the dream, work has commenced on the rehabilitation and reconstruction of the Kaduna-Abuja and Lagos-Ibadan fast train tracks while the dredging of River Niger, aimed at extending shipping services to the northern part of Nigeria will soon be completed. He acknowledged the vital role efficient electricity supply plays in promoting and sustaining industrialization, and stated that government was working hard to ensure steady power supply in the country.
While The Tide commends government’s bold step in granting the N500billion bailout to the manufacturing sector, we are inclined to caution that the underlying objective of the gesture may be misconstrued. Our position hinges on the fact that such a strategic government decision should have been unveiled at a forum for manufacturers and investors within the business community. The choice of a political gathering to inform the right beneficiaries of the aid is to us, politicizing a worthy venture. We, therefore, hope that it is not an empty carrot dangled on manufacturers, and that government would live up to its promises in this regard.
We say so because time has come for government to frontally address the mountain of problems impeding the industrialization process of this nation, and thus, reduce the incidence of violence, insecurity and criminality in the land. This is because the failure of the manufacturing sector to break even and drive the economy is the principal reason for the weakening of the entire economic fabric of the country. This has not happened in a void.
The main reason for the weak contribution of the manufacturing sector to the Gross Domestic Product (GDP) is the comatose state of the power sector leading to lack of electricity supply to both domestic and industrial consumers. Another factor is the failure of the entire land transport system, particularly rail and road services. These have forced virtually all industries to close shop due to high cost of production, low capacity utilization, weak returns on investments, among others. The result is the high rate of unemployment, increased incidence of poverty, poor health condition and rising death rate, frightening crimes and social vices, insecurity and violence, and heightened illiteracy.
We regret to note that although the country is rated the third fastest growing economy in the world, most manufacturing concerns hitherto doing business in Nigeria have relocated to neighbouring African countries due to high operating costs. In fact, some of these neighbouring countries have recently celebrated a decade of constant electricity supply to their citizens, even when such nations get most of their power supplies from Nigeria. A situation where Nigerians spend trillions of Naira annually to provide private power generating services for themselves does not give signs of a nation desperate to move forward and place itself as one of the 20 best economies by 2020. The Tide, therefore, challenges the Federal Government to show serious commitment to reverse this ugly trend by first guaranteeing uninterrupted power supply to Nigerians, and make rail and road transport system serve Nigerians, painlessly, again. It must also guarantee the security and safety of all citizens and investments.
The Tide reckons that the government has commenced the reconstruction of the Lagos-Ibadan and Kaduna-Abuja rail tracks to facilitate accessible and affordable transport services in the affected areas, just as it would soon deliver easy access to marine vessels conveying goods to the North through the River Niger. It, however, tasks the Federal Government to take immediate steps to put the Port Harcourt-Aba-Enugu-Lokoja rail track into effective use to allow manufacturers in this part of the country to evacuate goods from their warehouses without stress. In addition, the Jonathan government must deliver, as quickly as possible; a completely dualised East-West Road, rehabilitate both the Port Harcourt-Enugu Road and the Lagos-Shagamu-Ore-Benin Road while work on the dredging of the Warri, Koko, Port Harcourt and Calabar ports must be completed.
The Tide also urges the government to ensure that genuine manufacturers have easy access to the bailout fund, and put in place a monitoring framework to ensure strict utilization of the money for the revamping of existing but ailing factories. In fact, we insist that government must create the enabling environment for manufacturers to broaden the employment template, make returns on investments, while further contributing to the vibrancy and regeneration of the nation’s economy.
This is the only way to justify the huge bailout fund doled out from Nigerian taxpayers’ sweat. This is our stand!
Editorial
NCC, Save Nigerians From Exploitation
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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