Fractious political scene, uncertainty over the health of President Muhammadu Buhari, violent unrest and severe economic difficulties will remain sources of instability in Nigeria in the next five years, the latest five-year outlook by the Economic Intelligence Unit (EIU) has shown.

According to the business unit arm of the United Kingdom-based Economist Group which provides advisory services through research and analysis, Nigeria faces the biggest challenges to its constitutional democracy since the return to civilian rule in 1999.
It noted that risks in the early part of the 2017-2021 prediction are heightened by a likely transfer of power before the electoral cycle at the presidency.
With the President having spent much of the first half of this year in the UK receiving treatment for an undisclosed ailment, the EIU said: “We view it likely that Mr. Buhari will be forced to leave office before the official end of his term in 2019. He will be replaced by his deputy, Yemi Osinbajo, to serve the remainder of the term as stipulated in the constitution.”

Indeed, the outlook, contrary to some expectations by government, noted that policy reform will be slow as efforts to introduce market-oriented reforms and diversify the economy away from oil come up against vested interests, ideological opposition and bureaucratic inefficiency. It added that real GDP growth would ebb to recover from the recession of 2016, given an ongoing period of historically low oil prices and the weak policy response which will sap confidence in the economy more generally.
Similarly, the EIU projected that the average yearly inflation will rise further to 17 per cent this year owing to currency falls coupled with generally higher commodity prices, adding that greater currency stability will see inflation edge down, although not rapidly in 2018.
Reacting to the report, an economist and investment banker, Bayo Rotimi, said: “I understand the anxiety around the political situation, movement in oil prices. These are things that we are aware of. If there are problems in those areas, then the nation’s economy may be adversely affected.”
Rotimi, who is also the Chief Executive Officer of Quest Advisory Services Limited, continued: “The EIU tends to be pessimistic. I do not agree with their position on the Economic Recovery and Growth Plan (ERGP). As always, everything is a function of implementation.”
For the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, he acknowledged the concerns but noted that government efforts in the areas of policy initiation and implementation had reflected genuine commitment to growth and development.
more details at http://www.akelicious.com/2017/07/nigeria-to-witness-more-unrest-hardship.html

Hmmmmm, well only time will tell, and I am very sure this is avoidable if the necessary is done.

make buhari die first

God forbid

chinybelle:
God forbid

y u up early booking space


u heart broken?

This is what you get when you run a monocultural economy and have clueless leaders succeeding themselves for decades with no concrete plan or drive towards diversification.

For how long would the forecast of the country's well-being be tied to the forecast of a single commodity's price?

We certainly can't achieve our potential as a great nation if we continue along this path. It is literally impossible.

taylor88:
make buhari die first

Imagine the kind of comment one wakes up to make at 6am. And I'm sure he must have said a prayer and believe himself a "christian".

How ironic.

omenka:
Imagine the kind of comment one wakes up to make at 6am. And I'm sure he must have said a prayer and believe himself a "christian".

How ironic.

paying u back ur hate campaigns and comments against GEJ

taylor88:


paying u back ur hate campaigns and comments against GEJ

What a disoriented kid. I pray you remain this way son, and I pray it makes your life better.

Bye.

Buhari's disastrous repeat at the helms won't be complete without truncating our democracy

omenka:
What a disoriented kid. I pray you remain this way son, and I pray it makes your life better.

Bye.

I wonder who opened gate for u

now ur suffering begin dude

hope u applied for Npower

omenka:
Imagine the kind of comment one wakes up to make at 6am. And I'm sure he must have said a prayer and believe himself a "christian".

How ironic.

Shatap.

You are one of the worst blind zombies to loiter this forum

Why n.a.

omenka:
This is what you get when you run a monocultural economy and have clueless leaders succeeding themselves for decades with no concrete plan or drive towards diversification.

For how long would the forecast of the country's be tied to the forecast of a single commodity's price?

We certainly can't achieve our potential as a great nation if we continue along this path. It is literally impossible.

Is your Buhari included?
He did nothing to massively educate all children in Daura, Katsina state, northern region and our country as a whole since the 70s that he has been in power. How can you diversify the economy without a talented, knowledgeable and professional pool of labour?
Buhari's uselessness and hypocrisy in sending his own children abroad for schooling while depriving others is understandable.
He needs the uneducated almajiris to kill innocent civilians when he loses elections.
What a terrible curse Buhari is on our country?

omenka:
This is what you get when you run a monocultural economy and have clueless leaders succeeding themselves for decades with no concrete plan or drive towards diversification.

For how long would the forecast of the country's be tied to the forecast of a single commodity's price?

We certainly can't achieve our potential as a great nation if we continue along this path. It is literally impossible.

Grammarian

CROWNWEALTH019:

Grammarian

Grammar without sense. No be by grammar

The report may just be on point.
The current political and economic uncertainties are beyond the capacity of this government to solve - with or without Buhari.
It will take a new government coming into power by 2019 settling in for one year and implementing stabilizing policies the next to right the Nigerian economy.
That's 4-5 years and in line with the EIU forecast.