Let remove political uncertainty ahead of Nigeria’s 2019 presidential elections,
President Mohammed Buhari of Nigeria one more chance
With strong improvement in investor sentiment emerging IF Buhari is back in 2019.
Continuity will largely prevail with policy decisions having the biggest impact on the business environment for Nigeria Economy to boost more and more.
Buhari 2019 come back will not bring this top five business risks for West Africa |
Signs of economic recovery for West Africa as Nigeria exits recession – Militancy and political uncertainty remain key risks for businesses in 2018 |
As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, says specialist global risk consultancy Control Risks in their annual political and security risk forecast ‘RiskMap’ “2017 has been a tough and turbulent year for businesses in the region, however with Nigeria exiting recession, and foreign exchange shortages easing, we see a strong improvement in investor sentiment emerging. Another major engine of growth will be Cote d’Ivoire, where economic expansion is projected at around 7% next year. There will be only a handful of elections in the region in 2018, meaning continuity will largely prevail with policy decisions having the biggest impact on the business environment.” “In Nigeria however, although presidential elections are next slated for 2019, campaigning has already started. The uncertainty that generates, as well as the need for cash that an election brings, mean that political instability and regulators whose actions will be difficult to predict remain among our top risks for businesses in the year ahead.” Control Risks has identified the following as the key risks facing businesses in West Africa in 2018:
Many countries in Africa, Nigeria and Cameroon among them, face the prospect of what could become a sovereign debt crisis, a decade after they followed Ghana’s lead in entering the international bond market. The problem is driven by high levels of external debt, persistent uncertainty over the recovery of commodity prices to fund repayments, and borrowing to fund recurrent expenditure. Countries dependent on oil revenues are particularly vulnerable to ballooning debt in 2018. Buhari 2019 will Boost Nigeria Economy plus West Africa if Buhari is back. |