Buhari wins re-election in Nigeria, defeating business tycoon

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

According to official results, Mr. Buhari captured about 56 per cent of the vote, compared with about 41 per cent for opposition candidate Atiku Abubakar

Nigerian President Muhammadu Buhari, a 76-year-old former military general, made history in the past election in 2015 when he became the first Nigerian opposition leader to be elected president in a democratic transfer of power.Nigerian President Muhammadu Buhari has been elected to a second term in office, defeating a wealthy business tycoon who had promised to liberalize the economy and privatize Nigeria’s state oil company.

Mr. Buhari, a 76-year-old former military general, made history in the past election in 2015 when he became the first Nigerian opposition leader to be elected president in a democratic transfer of power. His rival, former president Goodluck Jonathan, accepted defeat and stepped down without challenging the results.

The low voter turnout in most regions has led to suspicions of electoral manipulation and concerns about a lack of participation. In Lagos, the country’s biggest city, for example, there were about 6.3 million registered voters, but only about 1.1 million voted, according to the official results. Analysts warned that a victory by Mr. Buhari could hurt the Nigerian economy. “Another term for President Buhari would almost certainly result in the continuation of the growth-sapping policies he has adopted since 2015,” said a report on Tuesday by John Ashbourne, a senior economist at Capital Economics.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines