Editorial
2014 Budget: Checking Output Disruptions
Within the realms of governance, as
applicable in normal human affairs, a
problem identified is believed to be one half-solved. The optimism built around the second half is rooted in the expectation that appropriate attempts will be made to seek solutions to address any such human challenges.
Nowhere is the need to address problems identified in a timely fashion more paramount and imperative as it is with public administration in the management of human and material resources. This is why governments all over the world devote ample time and resources for proper research at the planning and budgeting stages of their intended fiscal spending.
It is also for this reason that the collation of projects for budgeting should be the result of proper study of problems of the preceding fiscal calendar, solutions found to address existing bottlenecks and most importantly provide a necessary framework for proper execution of budgetary projections.
Apparently, such vigorous procedure unveiled the threat which oil theft posed to the economy. It was found that there was disturbing decline in the country’s foreign exchange earnings, on account of dwindling production capacity of oil, said to be actuated by many variables, chief among which are near frequent vandalisation of petroleum product pipelines and indeed theft by trans-national syndicates:. That was about two years ago.
So frightening, it was, that budgetary projections could not be backed by required allocation, just as projected production levels fell to frightening degrees. To make-up for such pitfalls, economic planners resorted to tampering with excess crude reserves, with the attendant states’ and federal government bickering over resource allocations observed in the breach.
That the same complaints would be made during the running 2013 fiscal Budget was not contemplated since relevant government agencies had assured Nigerians of frantic efforts to address the problem that was identified to be caused by oil theft. Expectations were that necessary safe-guards should have been made to avoid a any repeat of the hiccup of the previous fiscal calendar.
Among such largely reported plans were, equipping the Navy and other security agencies for better sea border policing and protection of petroleum production facilities, improved surveillance of petroleum pipelines as well as vigorous efforts at checking illegal bunkering in the Niger Delta.
This is why many are worried at the recent alarm raised by the Finance and Supervising Minister of the Economy, Dr. Ngozi Okonjo-Iweala to the effect that the Federal Government would draw-down its oil savings in Excess Crude Account (ECA) in order to compensate for yet another drop in revenue. That, she explained, was to keep the budget deficit under control.
The reported shortfall according to the Finance Minister, was due to yet another output disruptions amounting to about $12 billion.
At the beginning of the 2013 fiscal year, Nigeria had $9 billion in the ECA with the same budget based on an oil price of $79 per barrel, and at a daily output of 2.53 million barrels, Nigerians expected foreign exchange earnings in excess of $80 billion in exports. And with oil prices stabilising reasonably for a long period, at well above $100, the reported shortfall is indeed counter-productive. And at best, avoidable.
This is because, whatever the output disruptions were in the past, The Tide believes that they would have been addressed, since the problem was highlighted in the 2012 budget and for which proactive steps were contemplated to ensure a successful 2013 Budget.
The Tide is worried that consistently falling back on the ECA on account of failure of relevant security agencies to deliver on their constitutional responsibilities of protecting key national assets can only affect the prospects of the Sovereign National Fund, which has reasonably contributed, in part, to the relative stability of the Naira against other foreign currencies.
Therefore, as President Jonathan prepares to present the 2014 Fiscal projections to the National Assembly, next week, Nigerians expect elaborate account of how output disruptions would be checked and if possible avoided. At a time of repeated claims by economic planners of a healthy economy, such disruptions depict lack of seriousness in tackling a problem, long identified and therefore, should have been easier solved.
The Federal Government must therefore fight and win the war against oil theft now or tell Nigerians, it cannot be done.
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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