The MacArthur Foundation, known for its philanthropic efforts, has not offered grants to Nigerian mass media organizations for the first time in nearly a decade, marking a significant shift in its approach to funding journalism in Nigeria. This change follows the conclusion of the Foundation's ‘On Nigeria’ Big Bet, a $154 million investment that was initiated in 2014 and aimed to address the challenges faced by the country, particularly issues such as corruption and mismanagement that hinder its potential. The Foundation previously articulated that a thriving Nigeria is vital for global interests, citing its abundant resources and youthful population.

During the eight years of the Big Bet program, the MacArthur Foundation made an impressive commitment by awarding 340 grants to various initiatives in Nigeria, including approximately 30 grants specifically targeted at the Independent Media and Journalism sector. This funding was intended to enhance media capability and foster accountability within governance, which has been plagued by issues of corruption and limited access to public services. The philanthropy's proactive involvement reflected a broader recognition of the media's role in promoting transparency and democratic governance.

The conclusion of the Big Bet program raises questions about the future of media funding in Nigeria and the ongoing challenges that need to be addressed. With the Foundation stepping back from its media grants, the sustainability of independent journalism in Nigeria could be at risk. Stakeholders within the media landscape may need to seek alternative funding sources and advocacy for investment to ensure that quality journalism continues to thrive, particularly in a societal context where accountability and access to information are critical for development and democratic processes.