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Nigeria’s Atiku promises unity, economic bounce in final campaign rally

Nigeria’s Atiku promises unity, economic bounce in final campaign rally

NIGERIA'S presidential hopeful Atiku Abubakar said he would bring peace and unity to the country and improve its economic fortunes as he made his final campaign stop. Economic hardships, including the highest inflation in nearly two decades, unemployment and shortages of cash, and widespread insecurity from a long-running insurgency and secessionist violence are among the top concerns for voters going into the Feb. 25 election. The 76-year-old candidate from the main opposition People's Democratic Party is among the top three contenders vying to succeed President Muhammadu Buhari, who steps down after next week's presidential and parliamentary elections. Despite Atiku's national appeal, at…
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Explainer: What is at stake for investors in Nigeria’s election?

Explainer: What is at stake for investors in Nigeria’s election?

VOTERS in Nigeria go to the polls on February 25 and international investors are cautiously hopeful that whoever is elected as the next president of Africa's largest and most populous economy will be more market-friendly than the current government. While there are also parliamentary elections, the focus is on the presidency. With incumbent Muhammadu Buhari not on the ballot, the main contenders are ruling party veteran Bola Tinubu, former vice president Atiku Abubakar, and third party candidate Peter Obi. WHAT ARE MAIN ISSUES FOR INVESTORS? Multiple exchange rates, widespread insecurity and low oil production due to massive crude theft are all problems that worry…
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Buhari’s succession plans

Buhari’s succession plans

NIGERIAN President Muhammadu Buhari signed an executive order setting up a council to facilitate the transition to a new president who will emerge after a February 25 election. Buhari, 80, who is constitutionally barred from contesting the election, is serving his second and final term. He becomes the second Nigerian leader to complete two terms in office since the end of military rule in 1999. A new president will be sworn in on May 29. "The new Executive Order puts in place a legal framework for the seamless transition of power from one Presidential Administration to another," Buhari said in…
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Nigeria 2023: What’s at stake?

Nigeria 2023: What’s at stake?

NIGERIANS will be heading to the polls on February 25 to choose a successor to President Muhammadu Buhari, who steps down after two terms in office. He will hand over to one of the 18 candidates contesting for the position - though only three stand a realistic chance of winning; Bola Tinubu (70) of the ruling APC, Atiku Abubakar (76) of the Peoples Democratic Party (PDP), and Peter Obi (61) of the Labour Party. Nigeria's election body, the Independent National Electoral Commission (INEC), has a duty to deliver the next Nigerian president through a free, fair, and credible process. Except…
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