Nigeria Is In Turmoil. Can A New President Fix It?

As Nigerians decide on a new president, the country’s economy is reeling. Nigeria’s public debt is growing, inflation is soaring, and half of adults can’t find steady work. People wait in line for hours at gas stations to fill their cars and light their homes with generators because the shaky power grid can’t keep up. Kidnapping for ransom is a growing problem.  What can be done to turn things around? Bloomberg journalists Neil Munshi in Lagos, Nigeria and Ruth Olurounbi in Abuja, the capital, join this episode to talk about what’s at stake in this election–and how the candidates vying for the job say they’ll address these problems. Then, Cheta Nwanze, lead partner at SBM Intelligence, explains why it’s so difficult to attract companies, and money, to Africa’s largest economy. Read more: https://bloom.bg/3XUUzU5 Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at [email protected] omnystudio.com/listener for privacy information.

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