Nigeria Faces Challenges of Politicking, Rising Debt in 2020

Nigerian President Muhammadu Buhari is due to complete his second and final four-year term in 2023 and the battle over who will succeed him is already heating up, placing further pressure on an already strained economy, Bloomberg News reported. Buhari has thus far shied away from endorsing his deputy, Yemi Osinbajo, for the position, twice slighting him by opting not to transfer power to him while traveling abroad. That may diminish his chances of securing the top job. The front-runners for the post include Bola Ahmed Tinubu, a senior leader of the ruling All Progressives Congress, and Atiku Abubakar, who stood as the main opposition Peoples Democratic Party’s presidential candidate in 2019. Read more

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