This document discusses the role of social media in news media and business. It provides statistics on social media usage, including that 94% of businesses use social media marketing and 85% of businesses saw increased market exposure from social media strategies. It also provides social media usage statistics for Nigeria, including that Nigeria has over 50 million people on Twitter and 11 million Facebook users. The document then discusses how the internet has aided media development in Nigeria through tools like email, live feeds, webcasting, podcasting, microblogging, search engine optimization, and video blogging. It provides examples of Nigerian media houses exploiting these tools, such as Sahara Reporters encouraging community reporting and CNN's i-Report citizen journalism initiative. The document concludes