Unic Press UK: Nigeria’s stock market is likely to rally if the incumbent president, Muhammadu Buhari is defeated by the main challenger, Atiku Abubakar of the People’s Democratic Party (PDP) during the Nigeria General Election 2019 that will hold on Saturday, the 16th February 2019, from 08:00 am Lagos time, the Bloomberg wrote in a report, making a reference to analysts at Citigroup.
“Nigeria’s stock market may rally if President Muhammadu Buhari loses this weekend’s election, according to analysts at Citigroup, ending a run that’s seen it fall more than any other in the world in dollar terms since the 76-year-old former general came to office in May 2015. Some foreign investors would prefer a government led by Buhari’s main challenger, businessman and ex-Vice President Atiku Abubakar. But while the 72-year-old has pledged to privatize state assets and float the naira, many are skeptical and point to his reputation for corruption,” the Bloomberg wrote.
The PDP’s presidential candidate, Atiku Abubakar and running mate, Peter Obi have an outstanding track record in business, human capital development, success, security, education, industry, technology.
The fact that several reputation financial analysts have been illustrating that the Nigeria economy is drastically deteriorating under the current administration could scupper the re-election bid of Muhammadu Buhari.