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Economic challenges ahead for Nigeria’s president-elect

Editor by Editor
May 27, 2015
in Uncategorized
Economic challenges ahead for Nigeria’s president-elect
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Nigerian President-elect Muhammadu Buhari has to face the challenge of restoring the country’s economic stability after his inauguration on Friday.

The Nigerian economy, Africa’s biggest, has been badly hit by fuel shortages over the last few weeks.

Fuel supplies are only being slowly restored after a deal was reached this week between the Abuja government and oil marketers, who said they hadn’t been paid in full.

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The fuel shortages brought many Nigerian companies to a standstill. South African mobile giant MTN has seen its Nigerian operations affected by the crisis.

South African Airways spokesperson Tlali Tlali says SAA flights from Nigeria are being delayed.

There are strong hopes that relations between South Africa and Nigeria will improve under the new government in Abuja.

President Jacob Zuma is to attend the inauguration of Nigeria’s President-elect Muhammadu Buhari on Friday.

Nigerian senator Nurudeen Abatengi-Usman expects this to usher in better ties between Abuja and Pretoria.

Source: SABC News

Tags: News Review
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