Jaded businesses and investors are approaching the 2019 election in Nigeria with a sense of trepidation due to a lack of clarity over what it means for the economy. Yet, despite these stark differences, the business community in Nigeria is curiously split on which candidate would be better for the economy. As such, Nigeria’s economic climate in the days remaining before the ballot is expected to be characterised by softer growth and lower investor appetite, as ‘wait-and-see’ remains the most prudent approach to Nigerian transactions. Although there was nothing that could be done about the oil-price rout that started in late 2014 and drastically impacted Nigeria’s economic health, much of this malaise has been self-inflicted. Based on the above analysis, President Buhari is favourite to secure re-election in Nigeria’s presidential poll.

Source: The North Africa Journal February 10, 2019 21:33 UTC