Editorial
Nigeria, Oil And The Future
After years of near total dependence on oil revenue, it is now imperative that Nigeria diversifies and in a hurry or face an avoidable economic crisis in another few years. This was the conclusion reached at the end of the 9th All Nigerian Editors Conference (ANEC) in Asaba, Delta State, last week.
Although experts and even laymen had over the years warned against the running of such a monolithic economy, based on oil, successive administrations did very little to diversify the economy or even attempt to add value to crude daily exported, so as to be sensitive to global uncertainties like the situation being addressed.
Until recently, the concern was speculations on if Nigeria’s oil wells will run dry, whether Nigeria would enjoy oil for another few decades, but reality now is that luxury is no more feasible. In fact, this was one of the fears why oil bearing communities called for resource control and the repeal of the Petroleum Act.
Not only were the concerns of the oil bearing communities muscled down, even the passing of the Petroleum Industry Bill (PIB) intended to facilitate some measure of functionality in the industry has come against the usual suicidal politics of ethnic and sectional interest.
The Niger Delta communities have repeatedly expressed the fear that they may suffer unprecedented neglect when the oil wells run dry. That their environment would have been too polluted for any meaningful farming or fishing, while the psyche of their youth would have also been distorted.
These concerns have now become true for the whole country and demands all hands to be on deck in preparing for a Nigeria beyond oil, which incidentally was the theme of the Editors Conference at Asaba.
After the speech of the Secretary to the Federal Government, Senator Anyim Pius Anyim at the conference, it was clear that Nigeria may be up against a national emergency that requires a national plan of action. Indeed, he left no one in doubt of the depleting oil economy all over the world.
It was revealed that oil which accounts for 90% of the nation’s foreign earnings would soon lose market as America, the major buyer of Nigeria’s crude says it may not be needing oil from African countries as its reserves can serve them for more than 100 years. In addition, they now have discovered shale oil in commercial quantity that would give them an equivalent of Bonny light.
To make matters worse, many African countries have also discovered oil in commercial quantity. A situation that would naturally affect Nigeria oil demand and also affect prices, foreclose alternative markets in Africa and drastically affect oil revenue that the federal, state and local governments go to share in Abuja every month.
In realisation of this situation, the Federal and some State Governments, including Rivers, Delta and Akwa Ibom have consciously taken steps to use their oil revenue to reposition themselves for any eventuality. They have principally taken to the development of agriculture and deserve to be commended.
The Tide thinks that the need to diversify the economy should actually become the responsibility of all and must be multi-sectoral. In the first place, it makes imperative the adoption of the right policies and practices in the oil industry if Nigeria must leverage on it to develop other sectors of the economy before dooms day.
While the times call for the practice of true federalism or fiscal federalism, Nigeria must build more petro-chemical plants and refineries to facilitate the production of viable by-products and export of refined products instead of crude. This will also help local consumption even when external demand falls. But effort must be made to develop the requisite manpower that can drive the economy to the next frontier.
Nigeria must take very serious this imminent transition and develop her manufacturing sector, value added agriculture, ICT, tourism, technology and the infrastructure that would catalyse private sector participation in the economy. Indeed, with dependable public power supply and reduced borrowing rate, Nigeria can even be better beyond oil.
But all that would happen if the issue is not treated with the usual levity or allowed to be politicised. More than ever before, Nigerians look up to the authorities to safely navigate through the threatening storm to a better Nigeria, on the other side, even as we expect everyone to co-operate with government at every level.
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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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