Editorial
Rejigging Nigeria’s Economy
Among the three cardinal programmes of the All Progressives Congress (APC), led Federal Government, the economy appears to be the invincible monster that has defied all known solutions provided by the President Muhammadu Buhari administration. Regrettably, it is the most important sector that holds the key to the nation’s growth and development.
Notwithstanding that the anti-graft policy of the Buhari administration is allegedly targeted at the opposition, the regime has at least made some in-roads in the area of theft recovery as well as in tackling the insurgence in the North-Eastern part of the country.
The same, however, cannot be said of the economy. To say that the country’s economy is in. The naira what is the nation’s shambles is no gain saying. In truth, Nigeria’s economy is in recession. Currency has crashed against the dollar and major foreign currencies in the world. The nation’s Gross Domestic Product (GDP) has plummeted. Currently, inflation is at its peak. And yet, the nation’s social infrastructure, essentially power supply is very epileptic.
Almost half into the four-year tenure of the Buhari administration, Nigerians are yet to see the real ‘change’ promised by the APC- led administration.
While The Tide is not ignorant of some policies and programmes put in place to rejig the economy. We, however, think that Buhari’s government needs to go back to the drawing board and evolve a roadmap and holistic economic blueprint that could take the economy out of the wood.
One sure way to this is to look beyond political considerations and engage experts, professionals and technocrats who are grounded in the game. The era of political patronage should go for good as two years in the life of the administration should have been enough to pacify the political heavy weights who perhaps, bankrolled the emergence of the president.
We are gladdened by the recent inauguration of a task force by the Federal Executive Council (FEC) to work out modalities to reduce the price of foodstuff in the country.
The panel, according to the Vice President, Prof Yemi Osinbajo, is to among others, work out ways and means of making foodstuff available and affordable by ensuring a free- flow of agricultural products for all Nigerians.
While we commend the Federal Government for acknowledging the economic realities facing the citizenry, we charge the panel to quickly go into action, by identifying cost-raising factors that come into play between farmers, the markets and the final consumers.
We advise that while the government is examining the challenges facing the agricultural sector, manufacturing, mining and other critical sectors of the economy must also be looked into and exploited.
In the same vein, The Tide wants to hold on to the promise by the presidency that the 2017 budget will lead the country out of the recession. We sincerely look forward to this economic salvation as soon as possible in such a way that the current skyrocketing prices of goods and services will crash and exchange rate stabilizes in no distant future.
The Tide urges the Federal Government to vigorously pursue: “Market Nigeria, Buy Naija to Grow the Naira, and Made ln Nigeria”, policies already championed by economists and experts to bail Nigeria out of the woes.
The need to source our procurement needs locally cannot therefore be over-emphasised. Officials at all tiers of government must be at the forefront to re-invent the economy.
The government’s policies should emphasise diversification of the nation’s economy and promote the non-oil sectors, as well as create jobs for the youth.
As the National Assembly is fine-tuning the 2017 Appropriation bill, we believe that when it finally becomes the law, the budget will indeed, lead Nigerians out of the prevailing economic abyss in which we unfortunately find ourselves.
We pray that our detractors who have already listed Nigeria as one of the countries that may experience famine in the near future, would be proved wrong. But this can only be achieved if pro-active measures are taken swiftly by the government, with the cooperation of all Nigerians.
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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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