Africa 4 Dummies
Nigeria Election : The African Giant Decides - Cash shortage, Corruption and Enterprise
25 Feb 2023
On the 25 February Nigeria will be electing its 14th president. As incumbent Muhammadu Buhari's second and final four year term as president comes to close he is barred from having more than two terms. 18 people (1 woman) are vying to succeed him at Aso Rock (presidential residence). In this four-part episode we talk to Desmond Okumbor, a PhD candidate at Oxford University in Political Science and an SDG Research Fellow. Key topics we discus include the four-front runner candidates, the power of the youth vote, the state of the economy and in the last one we look at how this election could determine Nigeria's foreign policy. IN THIS EPISODE We discuss the economy in this episode. With a $440 billion GDP Nigeria is Africa's largest economy. However in the last year Nigeria's GDP growth has reduced and a few weeks ago a botched attempt to redesign the currency has lead to a cash shortage and widespread protests. Cash is key as 57% of Nigeria is in the informal economy (e.g food marketeers). How will this affect the vote ? Music: I AM AN AFRICAN- Ethan Tomas
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