Analysts Fear Economic Losses On INEC Rescheduling Of Elections

Analysts Fear Economic Losses On INEC Rescheduling Of Elections

Author: Africa Business Radio March 13, 2023 Duration: 32:14
Nigeria's 2023 general elections which began with the now disputed presidential and national assembly elections and which were to move to the gubernatorial and state assembly elections, suffered a little setback when initially scheduled for March 11, 2023, were postponed to March 18 by the Independent National Electoral Commission (INEC), citing logistic issues stemming from its lack of time to carry out the reconfiguration of the bimodal voter registration system (BVAS) used for the first leg of the elections.
Now, analysts are saying that, though the second leg of the elections was shifted by a week, the abrupt decision by the electoral umpire has far-reaching consequences that could result in economic losses and adverse cost implications for Africa’s largest economy.
The postponement followed a ruling by the Court of Appeal in Abuja, sitting as the Presidential Election Petition Tribunal (PEPT), that granted INEC the right to reconfigure the BVAS, backed by the commission’s statement that it will need five working days to reconfigure BVAS used in the 176,974 polling units where voting will take place for the election

Tune into News Express from Africa Business Radio for a clear-eyed look at the forces shaping Nigeria's economy. This isn't just headline scanning; it's a dedicated exploration of the financial sector and markets, delivered with a focus you won't find elsewhere. We go beyond the surface noise of daily news to provide context and analysis, yet avoid the narrow jargon that can make trade publications inaccessible. Each episode distills the essential conversations happening right now in boardrooms and on trading floors. You'll hear informed discussions pinpointing what matters for pivotal areas like Investment Banking, Trading, Technology, and Fund Management, while also tracking movements in Alternatives, Commodities, and major Companies. For anyone with a stake in the region's business landscape, this podcast serves as a vital briefing, connecting the dots between sectors to offer a comprehensive, nuanced picture. News Express is your source for understanding not just what is happening, but why it matters for the future of African commerce.
Author: Language: English Episodes: 100

News Express
Podcast Episodes
African Banks Maintain Resilience amid Difficulty [not-audio_url] [/not-audio_url]

Duration: 29:09
A new report by the European Investment Bank (EIB) based on a 2023 survey of Banking in Africa has found that banks on the continent have continued to show resilience despite operating in what the EIB described as “ a di…
High-Interest Rate Causing Debt Distress in Emerging Economies  [not-audio_url] [/not-audio_url]

Duration: 30:31
The Combination Of Aggressive interest-rate hikes in developed countries, lack of sufficient affordable capital from the World Bank and a failure to consider and address the spillover effects are creating costly spillbac…
IMF Expert Sees Lifeline for CBN’s E-naira in Mobile Money  [not-audio_url] [/not-audio_url]

Duration: 27:37
An expert in the Africa department of the International Monetary Fund has expressed optimism for the future success of Nigeria's e-Naira, Africa's first central bank digital currency and the world's second.Despite its un…