Yesterday, the Vice President, Yemi Osinbajo, formally declared his intentions to contest the 2023 Presidential elections under the ruling All Progressives Congress (APC). Transforming security, completing the reform of the judicial system, improving infrastructure and creating a technology-based economy were a few of the key projects on the agenda of the Vice President.
Declaring his intentions to contest the presidential elections has changed the playing field as members of the ruling party have begun to pitch their tent with either the Vice President or the former Lagos State governor and national leader of the party, Bola Ahmed Tinubu, who had earlier declared his intentions to contest. Given Tinubu’s political clout, getting the party ticket will be a keen contest.
The Vice President, Yemi Osinbajo, is a Professor of law and a politician who previously served as Attorney General of Lagos State from 1999 to 2007 and holds the title of Senior Advocate of Nigeria. However, by standards of Nigeria’s political class, he can still be considered a political lightweight compared to his main counterpart, Bola Ahmed Tinubu.
While we would have expected the power of incumbency to be strong support, being a part of the present administration, the combination of weak macroeconomic conditions and worsening insecurity has put Nigeria in a precarious situation, which means his power of incumbency, may not confer the advantage it should. Besides Osinbajo and Tinubu, some other politicians that have declared intentions to contest the elections under the APC are David Umahi, the current governor of Ebonyi State, Yahaya Bello, the current governor of Kogi State and Rotimi Amaechi, current Minister of transportation. It is, however, safe to assume that the battle for the party ticket will be between Osinbajo and Tinubu.
Under the People’s Democratic Party (PDP), some of the politicians that have declared formal intentions to contest include former Vice President and two-time presidential aspirant Atiku Abubakar, former governor of Anambra State Peter Obi, the current governor of Rivers State, Nyesom Wike, the current governor of Sokoto State, Aminu Tambuwal, former Senate President, Olubukola Saraki, the current governor of Bauchi state, Bala Mohammed, the current governor of Akwa Ibom State, Emmanuel Udom, and Nigerian journalist, Publisher of Ovation Magazine, Dele Momodu. That said, it is still early stages, and one can safely assume that the playing field will likely change before 2023.
We expect the country’s 2023 presidential elections to be keenly contested. Though there will be many other candidates from other parties, we expect the presidential battle to be between the candidates of the People’s Democratic Party (PDP) and All Progressive Congress (APC). Nigerian politics is not based on competing ideologies but rival interests and ambitions, making it difficult to forecast what an APC or a PDP win will do for the economy. An easier way is to focus on the individuals contesting and not their party affiliations, and based on that, Osinbajo appears a strong candidate.
CSL Stockbrokers Limited, Lagos (CSLS) is a wholly owned subsidiary of FCMB Group Plc and is regulated by the Securities and Exchange Commission, Nigeria. CSLS is a member of the Nigerian Stock Exchange.
I think the author would have done more justice if he had compared the standard of living and per capita income of the countries. We cannot rely on the price conversion only, other important variables must be considered.
Greetings and More blessings to you all, my name is Mr Kasimu Ijelu fro. Rocksolidfx and i’ve been trading the Fx for about 10years and I have also had fortunate opportunity to work on the Golden mile in London at number of small trading firms and I’m far from home Nigeria. And this is what I’ve learnt all of your points above great and valid and the most important of them all in my opinion is the heading Poor mentality. I don’t particularly like the word poor I would rather lack of discipline which falls into the world off trading psychology . Trading is an art form, an art exhibition into your self into your personal innerworld. Therefore, my 1st advice would be accept right now that you are Mad absolutely crazy and haven’t a foggiest idea about your innerworld and how to approach the arena of Fx. You are self destructive, and selfabotaging you are your own worse enemy. Shooting your self in the foot with your own hard earn money. Welcome to what we call the wild wild west of the trading world with thousands of markets and complicated trading instruments and that is exactly what they are instrumental tools to be used for wealth creation. I mean you wouldn’t start welding a samurai sword around your head swoohings it in the air carelessly would you?
Well that’s exactly what we do in the beginning as traders.
Next. Beginners and intermediate traders are not seeing the full story when it comes too reading the market only using price charts to make trading decisions.
Not your fault they have been keeping smart money information from us.
Solution; and the advice from a veteran trader. This one piece of advice will save you years of studying going round and round the merry-go-round and tones of money u can’t afford to lose.
Learn … Orderflow .. this is what the smart Professional traders behind the scenes use. Let me explain, imagine you are at a poker table, your opponents semi circled around you, some of the other players have cowboys hats, dark glass and numerous poker faces and I swear there’s even a robot playing at the table yeah! too the left of you.
So the question begs to be asked to new traders
What is you edge …………? Your edge is
Orderflow and volume.
Orderflow allows you to see all of your opponents cards. Can you Imagine!!!!
Yes imagine that you can see all the buyers and all the sellers on both sides of the market .
Now my brothers in arms what can be more powerful than that.
Next : In any battle its best that you have more than one Ace card up your sleeve. I would like to recommend Heniken-Ashi Charts or renko charts as opposed to candle stick charts
Why because quite simply it cuts out all the mental masturbation in candle sticks charts.
It cuts out all the noise …
Lastly I would advise to learn everything you caj about divergences . I use Stochastic divergences in my trading setups along with the 4hr chart to scaple and swing.
Anyways got to go now hope the above helps and may the markets go with you. Ooooh before I forget always use a demo account until you’ve solved your own trading madness b4 live trading. That’s how I survived and treat the demo account like its real money 💰