Editorial
Dangote: Another Commendable Landmark
The Dangote Industries Limited made history last Wednesday in Abuja when its Chairman, Alhaji Aliko Dangote signed a $3.3 billion (N512 billion) loan agreement with representatives of a consortium of 12 banks led by GT Bank and Standard Chartered Bank for the establishment of a proposed Africa’s biggest private refinery complex.
The loan is said to be part of a $9 billion (N1.4 trillion) capital mix required by the Dangote Group to execute a 400,000 barrels-per-day refinery, petrochemical and fertiliser project at the Olokola Liquefied Natural Gas (OKLNG) Free Trade Zone, located between Ogun and Ondo States in Nigeria’s South West.
Even as crude is being discovered in more African countries, Nigeria remains the largest producer of the resource in the continent and must find very practical and profitable ways of utilising this resource that has continued to account for 70 percent of the budget and about 90 percent of Nigeria’s foreign earnings.
This enviable profile of the sector has hardly improved the living standard of the average Nigerian. Most worrisome is the inability of the state-owned Nigerian National Petroleum Corporation (NNPC) operated four refineries to as little as satisfy local market, with the 445,000 barrels of crude oil allocated to them daily.
Even the widely hailed promise of getting the original builders of these refineries to undertake a Turn-Around Maintenance (TAM) that would restore the ailing plants back to 90 per cent operational capacity has now become a mere ministerial refrain at every major oil and gas conference.
Equally disturbing is the report that the Federal Government spends about N1.3 trillion annually (an equivalent of 22 per cent of its budget) to subsidise the cost of importing refined petroleum products into the country, at a time when neighbouring Niger Republic is said to have built a world-class oil refinery near the Nigerian border ostensibly to take advantage of developments in Nigeria.
According to Dangote, the proposed mega refinery is designed to produce high grade petrol, diesel, aviation fuel, household kerosene and slurry – a raw material for producing carbon black. He hopes to reduce Nigeria’s importation of petroleum products by 50 per cent in 2016 when the plant will have commenced full operation.
The resolve of Dangote to undertake the building of a refinery, a venture which many investors had avoided, and for good reason, calls for commendation. To have come up with an integrated system to make the sector viable in spite of some seemingly impossible local conditions clearly shows why Dangote is considered to be the richest African.
We are grateful that Dangote is using his wealth, business experience and courage to open up the Nigerian economy in ways never thought possible. Until now, a lot of local investors were not able to utilise their licences to build and operate refineries because of the refusal of Nigerians to allow for the complete removal of subsidy on petroleum products.
Clearly, the same reason would have sufficed to deter Dangote but his ability to come up with the petrochemical and fertiliser plants to make up for the deficiency in the refinery component is very ingenious and worthy of emulation.
Dangote has made an unprecedented input in the economic development of Nigeria for which the award of the highest honour of this country stands justified. His landmark breakthroughs in the manufacturing of cement, sugar, flour, fruit juice and other household goods, in addition to the generation of employment for Nigerians, are unrivalled.
Dangote had, over the years, demonstrated the knack for identifying business opportunities at the very same places where many other Nigerian and foreign investors see only the inhibitions provided by lack of basic infrastructure, inadequate public power supply, security challenges, high cost of borrowing and the misapplication of subsidy.
As Dangote kick-starts the refinery project, The Tide hopes that the Nigerian government will give him all the support he would need to make it a success. Even so, we expect that as Dangote plans to curb fuel import by half in 2016, other operators in the sector should join forces and replicate the Dangote model in the Niger Delta area and help put an end to fuel importation and massive unemployment.
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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