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A Multifaceted Evaluation of the Nigerian Legacy Media System

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The media plays a pivotal role in any society, acting as the mirror reflecting the nation’s aspirations, concerns, and challenges. In Nigeria, a country marked by its rich diversity and dynamic political landscape, the media system is a complex tapestry shaped by various factors, including government regulation, market forces, and cultural nuances. To understand the Nigerian legacy media landscape, our analyst employs a multifaceted evaluation based on specific indicators and models, such as liberalism, democratic corporatism, and polarized pluralism.

Structure of the Media Market

One of the fundamental aspects of the Nigerian media system is the structure of the media market. In this context, the provided information suggests that the media market exhibits characteristics of both high and low concentration. Nigeria boasts a vibrant media landscape, with numerous newspapers, television stations, and digital platforms. The rate of newspaper circulation is low, suggesting low access to print newspapers. Gender differences related to newspaper readership highlight a potential challenge. It is essential to address gender disparities to ensure that media content is inclusive and representative of the entire population.

The preference for modes of news consumption—newspapers or television news—varies among the Nigerian population. This diversity in preferences is a testament to the broad range of media options available, reflecting both urban and rural demographics. The separation between high-quality press and tabloids and between commercial and non-commercial press suggests a stratification within the media market. This differentiation allows consumers to choose between outlets that cater to their specific needs and preferences.

Political Parallelism and Audience Preferences

Political parallelism, a key aspect of media system evaluation, is highly significant in Nigeria. This suggests that media outlets align themselves with various political ideologies and parties, making it essential to critically assess media content and its potential bias. Coverage shaped by journalists’ political affiliations further emphasizes the importance of maintaining objectivity in media reporting. Journalists must strive for impartiality to ensure that news is presented fairly and without bias.

Audience media consumption according to political preferences implies that Nigerian media consumers often select media outlets that align with their own political beliefs. While this diversity of options may be seen as a positive aspect of media pluralism, it also raises concerns about the formation of echo chambers.

Professionalization of Journalism and Autonomy

The professionalization of journalism in Nigeria is a mixed bag, reflecting the partial nature of the development of distinct professional norms. While journalism has undoubtedly evolved as a recognized field, there is still room for further development. The degree of professional autonomy in the media landscape is significant. This autonomy ensures that journalists can operate without excessive interference, ultimately benefiting the quality and objectivity of reporting.

The development of distinct professional norms plays a crucial role in shaping the ethical standards of journalism in Nigeria. These norms guide the conduct of journalists and contribute to the maintenance of journalistic integrity. Journalists serving public interests underscores the responsibility of media professionals to provide information that benefits society. This is essential in a country like Nigeria, where the media serves as a bridge between the government and the citizens.

Instrumentalization of the Press and State Intervention

While Nigeria enjoys a degree of professional autonomy, concerns about the instrumentalization of the press remain. The press is sometimes used as a tool for political or other purposes, raising questions about the media’s independence. State intervention is a prominent characteristic of the Nigerian media landscape. The dimension of state intervention is highly significant, indicating a substantial government role in media regulation and funding. The provision of subsidies and funding from the government is another noteworthy aspect. These subsidies play a pivotal role in sustaining various media outlets and promoting media diversity.

Legal Framework and Regulation

The legal framework governing the Nigerian media system is a crucial factor in ensuring media freedom and responsibility. Laws regulating media concentration, competition, and ownership are in place, helping to prevent monopolies and promote diversity in ownership. Laws related to libel, defamation, and privacy serve to protect individuals’ rights and ensure that media outlets maintain ethical standards. These laws are essential in balancing freedom of speech with protecting individual reputations.

Professional secrecy laws for journalists contribute to the protection of sources and the practice of investigative journalism. These laws are important in promoting accountability and transparency. Laws regulating political communication are in place to ensure that political discourse is conducted responsibly and fairly through the media. These regulations help maintain a level playing field for all political actors.

Similarly, laws regulating broadcast content and licensing ensure that the quality and appropriateness of content are upheld. These regulations also contribute to the prevention of hate speech and the spread of harmful information.

Overall, the Nigerian media system is a multifaceted and complex entity influenced by a variety of factors, including government regulation, market forces, and cultural nuances. The evaluation of this media system through indicators and models such as liberalism, democratic corporatism, and polarized pluralism provides valuable insights into its strengths and challenges.

However, gender disparities and audience preferences based on political beliefs reveal areas in need of improvement to ensure inclusivity and balance. The presence of political parallelism and the influence of journalists’ political affiliations highlight the necessity for responsible reporting and media professionalism. The media’s role in serving the public interest and maintaining professional autonomy is vital in promoting democracy and transparency in Nigeria. While state intervention and instrumentalization of the press raise concerns, the legal framework and regulation of the media system provide a balance between freedom of expression and responsibility. Laws governing media ownership, content, and political communication help maintain a fair and ethical media landscape.

In navigating the complex tapestry of the Nigerian media system, stakeholders must work together to ensure that media outlets remain diverse, professional, and independent while adhering to ethical standards and legal regulations. This multifaceted evaluation serves as a valuable tool in understanding and improving the Nigerian media landscape, ultimately contributing to a more informed and engaged society.

When Can A Marriage Be Annulled?

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It was a struggle for me to properly advise this lady but she was really lashing out and cussing out her current husband that she wished she never met or married the man. She is requesting that I immediately file for annulment of the marriage instead of filing for divorce; her reason is that she wants it to be as if she never married the man; she wants annulment instead of divorce so that it will be as if the marriage between him and the man never happened.

Well, while I sympathize with her and with anyone out there who may be going through hell in his or her marriage but that you wish you never met your spouse does not invalidate a valid marriage or give a legal ground for annulment of the marriage, all you can do is to seek for divorce and not the annulment of the marriage. 

While divorce means the legal breaking up of an existing marriage an annulment is a legal procedure that cancels a marriage in totality. An annulled marriage is erased from a legal perspective, and it declares that the marriage never technically existed; never happened and was never valid. Annulment simply means that the marriage is faulty from its foundation and therefore invalid and void. 

It is more difficult and technical to make a case for annulment of a valid marriage because you will have to prove to the satisfaction of the court that there is something inherently wrong with the foundation of the marriage that makes it illegal and invalidates it from the onset. This means that the court can only annul a marriage if the petitioner can show that there was something legally wrong with the marriage from the start. Even if you and your spouse agree that you both want an annulment instead of divorce, you still need to prove to the court that there’s a legal reason your marriage was not valid from the start. 

You cannot because you and your partner fall off or are no longer on good terms and want to seek annulment where what is applicable is divorce. 

If there must be annulment of the marriage instead of dissolution of the marriage, the petitioner must base the Petition on one of the following grounds;

  1. Bigamy; if either party was already married to another person at the time of the marriage then the subsequent marriage can be annulled. This is to say that any purported marriage to or by a spouse who at that time is currently married to another person is invalid and it is therefore null and void.
  2. Forced consent or duress; if one of the spouses was coerced, forced or threatened into marriage and only entered into it under duress and not by free will such marriage can be annulled. 
  3. Fraud; if one of the spouses agrees to the marriage based on the lies, deceptions or misrepresentation of facts by the other spouse then such marriage can be annulled. 
  4. Marriage prohibited by law: Marriage between parties that are related by blood which is considered incestuous can be annulled. 
  5. Mental illness; if either spouse was mentally ill or emotionally disturbed at the time of the marriage then the marriage can be annulled. 
  6. Mental Incapacity; if either spouse was under the influence of alcohol or drugs at the time of the marriage and was unable to make an informed decision or consent then the marriage can be annulled 
  7. Inability to consummate marriage; if either spouse was physically incapable of having sexual relations or impotent during the marriage then the marriage could be annulled. 
  8. Underage marriage; if either spouse was too young to enter into marriage without parental consent or court approval then the marriage can be annulled.

Outside these grounds, no matter how much you wish the marriage never happened, the option for you is divorce instead of annulment. 

 

Atiku Explains why His WAEC Certificate Has a Different Name, Sadiq Abubakar

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The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has clarified that he used the name “Sadiq Abubakar” for his West African Examination Council (WAEC) exam, as controversy trails the name discrepancy on the certificate.

His statement came as clarification following what appears like a retaliatory move by the opposition All Progressive Congress (APC), alleging that Atiku forged his senior school certificate.

Dele Momodu, the Director of Strategic Communications for the Atiku/Okowa Presidential Campaign Council, clarified on Tuesday that some members of the All Progressives Congress (APC) had raised concerns about the name “Sadiq Abubakar” on Atiku’s WAEC certificate in contrast to his other credentials.

He stated that he forwarded the accusations to the former Vice President, who provided an explanation for the discrepancy. Atiku explained that he used “Sadiq Abubakar” for his WAEC exam, and after passing, he legally changed his name to Atiku Abubakar.

He said: “The APC busybodies have been bombarding me with allegations of forgery against my Principal, ALHAJI ATIKU ABUBAKAR (GCON), which I immediately forwarded to him and here is his copious response:

“’ Yes I used Sadiq Abubakar to sit for my WAEC and after passing my exams I went to swear an affidavit to say I am the same person as ATIKU Abubakar. I went to ABU as Atiku Abubakar and passed my Exams as Atiku Abubakar. Interviewed as Atiku Abubakar by the Federal Civil Service Commission and hired into the Customs Service as Atiku Abubakar. So where is forgery there?’

“CAN THE APC social media bullies forward the deluge of questions in circulation to their boss and get instant and direct response…”

“I SALUTE ALHAJI ATIKU ABUBAKAR…” the statement added.

In August, Atiku filed a lawsuit in the USA seeking an order to compel Chicago State University (CSU) to release the academic record of President Bola Tinubu, whose educational background is deeply buried in controversy.

The US court ruled in favor of the applicant despite objections by Tinubu, who claimed that the release of the document would cause him irreparable loss.

The documents released by CSU show that the certificate Tinubu presented to the Independent National Electoral Commission was forged.

With the saga hitting the roof, the APC is believed to be desperately looking for dirt on Atiku. The former Vice President, who is contesting the outcome of the presidential election at the Supreme Court, has included the forged certificate as part of the evidence that he is seeking Tinubu’s disqualification.

As IMF downgrades Nigeria’s economic growth, the Central Bank Must Stop Rate Hikes

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Nigeria should get the message on the latest report from the International Monetary Fund (IMF): “Nigeria’s economic growth is projected to decline from 3.3 per cent in 2022 to 2.9 per cent in 2023, the International Monetary Fund (IMF) has said”. Sure, many agencies and banking institutions, including IMF, Goldman Sachs, and JP Morgan Chase praised the changes made in early June 2023. But over the last few days, we are reading different takes. 

The Financial Times recently wrote: “In removing a costly fuel subsidy and in shifting towards a market-driven exchange rate, which has sharply weakened a previously overvalued currency, he has gone some way towards persuading investors he is serious about reform. But four months into his presidency, there are signs of things going awry.”

Across all indicators, most of these foreign institutions misjudged the double whammy of floating Naira (without adequate US dollar to support the policy) at the same time one of the nation’s key imports (petrol) is cut-off from subsidies. While the exuberance was evident in the financial market as some assets yielded huge paper profits for banks, the impact on manufacturing was fatal. That is what IMF is reporting there.

The government is adjusting for some of these challenges, and we do hope it gets things right. Specifically on inflation, I call the government to soft-pedal on raising rates because our inflation is not driven by too much consumer demand. Our inflation is mainly due to low supply and with limited consumer credit in the nation, higher rates punish companies which actually need more capacities to produce more (when rates go up, borrowing costs go high, and companies reduce production which then affect supply, which ideally should be expected to go high to reduce inflation). 

 This is different from the US and Europe where changes in rates can influence consumer spending (they have huge consumer lending/credit), pushing inflation to new positions. When you raise rates in Nigeria, most of the time, only corporate borrowers are affected and interestingly they are the entities you need to boost supply. So, instead of using raising rates as a tool, we need to see if we can even make cheaper loans to producers. 

In the past few years, the apex bank had raised rates even as it lent free cash (yes, Ways and Means window) to the government which flooded the nation with easy Naira. So, while corporations were struggling with high rates, the government was injecting huge liquidity canceling out the very reason the central bank raised rates. We raised alarms on the stupidity of those own-goals and we do hope the new CBN team must stop them, so that Naira can breathe.

Inflation has remained high in Africa’s largest economy, prompting the apex bank to hike interest rates to their highest levels in nearly two decades. In July, the CBN raised its benchmark lending rate to 18.75 per cent. The bank said, “hiking the interest rate has made a lot of difference in moderating the rate of inflation”.

It noted that the option to continue the hike in the policy rate, albeit moderately, also presented a strong alternative premised on the expected liquidity injections into the economy from the recent efforts to unify the nation’s foreign exchange markets.

Also, the country has in recent years faced severe revenue problems, pipeline vandalism and crude oil theft in its oil-producing region.

“Quick Cash in the Crypto Jungle: The 2023 Guide to Skyrocketing Your Digital Wealth”

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Navigating the Crypto Terrain: A Balanced 2023 Guide to Diversifying Your Digital Portfolio

In the ever-shifting terrain of the digital economy, cryptocurrencies have carved out a space that attracts investors, innovators, and risk-takers. The purpose of this guide is to provide a balanced overview of various strategies and investment avenues within the crypto market for 2023. It focuses on five different crypto assets and platforms: Scorpion Casino Token, Binance Coin (BNB), Uniswap, Cardano, and Decentraland. Each offers unique opportunities and risks, and this guide aims to assist in making informed decisions.

1. Pre-Launch Opportunities – Scorpion Casino Token

Investing in pre-launch or presale cryptocurrencies presents both opportunities and challenges. Scorpion Casino Token exemplifies this type of early investment. The platform itself stands as a leading social online gambling hub, featuring over 30,000 monthly betting opportunities, 210 casino games, and 160 live games. For sports enthusiasts, major sports leagues are also covered comprehensively.

Investors in the early stages can expect a range of benefits. The $SCORP token is engineered as a deflationary asset, designed to increase in value over time. Early adopters have the potential to earn up to $10,000 daily through the platform’s unique passive income mechanisms. Scorpion Casino also boasts trusted partnerships with industry stalwarts like BetRadar and CoinsPaid, lending credence to its operations.

Added to this is the platform’s ‘Elite Scorpion Members Club,’ providing exclusive benefits such as special promotions, VIP customer service, and priority access to new features. Legal concerns are also mitigated, as Scorpion Casino is licensed and regulated by Curacao EGaming, a reputable authority in the online gambling space.

While the presale price often undercuts future market values, providing a potentially lucrative opportunity, it’s important to remember that early investments are not without risk. These can range from market uncertainties to regulatory shifts, underscoring the importance of comprehensive due diligence before making any financial commitments.

2. Trading Platforms – Binance

Trading cryptocurrencies can be rewarding but is also fraught with risk, especially in a volatile market. Binance is one of the platforms where investors can trade a variety of cryptocurrencies, including its native Binance Coin (BNB). The platform offers various resources for both novice and experienced traders, but it’s crucial to remember that profits are not guaranteed. One should only invest money they can afford to lose, and it is advisable to consult financial advisors for personalized investment strategies.

3. Decentralized Finance (DeFi) – Uniswap

The rise of Decentralized Finance, or DeFi, has provided an alternative to traditional banking systems. Uniswap, a decentralized exchange built on the Ethereum blockchain, allows users to trade cryptocurrencies without the need for an intermediary. It offers various income-generating opportunities, such as yield farming and liquidity provision. However, the DeFi space is still nascent and subject to regulatory uncertainty, smart contract vulnerabilities, and market fluctuations.

4. Crypto Staking – Cardano

For investors seeking a more conservative approach, crypto staking offers an alternative. Cardano, for instance, allows holders of its native ADA tokens to participate in staking, earning additional tokens over time. This activity helps secure the network and validate transactions. While staking is generally considered less risky than trading, it’s worth noting that returns are not guaranteed, and the staked tokens are often locked for a period.

5. Virtual Economies – Decentraland

The intersection of gaming and cryptocurrencies has given rise to virtual economies like Decentraland. Users can purchase virtual real estate and trade digital assets, earning the platform’s native MANA tokens. While this approach is novel and engaging, it is essential to consider the sustainability and long-term value of such virtual assets.

The cryptocurrency landscape offers diverse investment opportunities, each with its unique risk and reward profile. Whether you’re inclined toward the immediacy of trading, the potential upside of early-stage tokens, the steady income streams of DeFi, or the emerging realm of virtual economies, a balanced and informed approach is crucial. Market conditions can change rapidly, and diversification is often recommended as a risk mitigation strategy. Continuous education and staying updated on market trends are key factors in navigating the complex and dynamic world of cryptocurrencies.

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