Nigeria's new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft.
Presidential candidate Bola Ahmed Tinubu arrives at a polling station before casting his ballot in Ikeja, Lagos, Nigeria February 25, 2023 REUTERS/James Oatwayfaces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft.
Here is how Tinubu proposes to address problems that many Nigerians believe worsened under his predecessor, Muhammadu Buhari, on whose party ticket he ran.Tinubu says he will build on Buhari's public infrastructure programme to create jobs and remove legal limits on government spending. A popular fuel subsidy, which cost $10 billion last year and is driving up debt, will be phased out and the money channelled to infrastructure, agricultural and social welfare programmes.
Any new foreign borrowing will be used to fund projects that generate revenue from which debt can be repaid, Tinubu says.is the biggest headache for oil companies, which have seen production tumble. Oil majors are selling shallow-water projects, mainly due to the theft and vandalism of pipelines, and shifting offshore.
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Nigeria’s Bola Tinubu sworn in as president amid hopes and skepticismThe new president of Nigeria has taken over the reins of power. Bola Tinubu was sworn in as president of Africa’s most populous nation, taking over from Muhammadu Buhari, following elections in February. Tinubu takes office at a time when many Nigerians are struggling with economic hardship, as well as a lack of security. Unemployment has reached record levels, while inflation is at an 18-year high of more than 22%. His election is still being contested in court by opposition parties and among many young Nigerians, but Tinubu has pledged to reunite the country. Nigeria is Africa's top oil producer but has suffered from poor poor governance and endemic corruption.
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Nigeria's Bola Tinubu sworn in as new president | CNNNigeria President-elect Bola Ahmed Tinubu has been sworn into office in the capital Abuja, despite a legal challenge to his election from the country’s opposition.
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Bola Tinubu sworn in as Nigeria's new presidentThe 71-year-old former governor of Lagos takes over from the 80-year-old Muhammadu Buhari, as Africa's most populous nation faces a sea of economic troubles and a security crisis.
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Nigeria's Tinubu gets his turn as president, familiar problems awaitBola Tinubu will be sworn in as Nigeria's president on Monday under the cloud of a disputed election and pressure to quickly improve economic and security conditions, which many complain worsened under his predecessor Muhammadu Buhari.
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Tinubu sworn in as Nigeria's president, under pressure over economyBola Tinubu was sworn in as Nigeria's president on Monday, facing mounting calls to improve economic and security conditions which many complain worsened under his predecessor Muhammadu Buhari.
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Nigeria's Senate approves bill to raise government borrowing from central bankNigeria's Senate amended a law on Saturday to allow the federal government to borrow more money from the central bank, just days before incoming President Bola Tinubu takes office.
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