Global Strategy Resources

NIgeria

Nigeria: Tinubu Sworn In as President

Bola Tinubu was sworn in May 30 as Nigeria's President. Elected in a three-way race, Tinubu won the Presidency, over complaints from his rivals, with about 37 percent of the popular vote. The is the lowest ever for an elected President in Nigeria.

Tinubu faces many challenges during his term, including insecurity throughout the country, a lagging economy, failed efforts to improve Nigeria's infrastructure, and an increasingly impatient electorate. While Nigeria has many elements necessary for success, efforts at improving living conditions often fall to the reality of a large population, a lack of governmental presence throughout the nation, and the bleeding of the nation's treasury by entrenched special interests who impose a "tax" on government funds through corruption.

Even while election disputes play out in the courts, all eyes with be on the new President to see whether he is up to the task of clearing the dead wood from Nigeria's polity and revitalizing its economy to provide opportunities for all its citizens.

US Rejects Okonjo-Iweala for WTO

The United States rejected former Nigerian Finance Minister Ngozi Okonjo-Iweala for the leadership of the World Trade Organization. Along with South Korea, the US declined to give the unanimous support to Nigeria’s nominee.  While Okonjo-Iweala has remained popular within the WTO, her reputation during two stints in Nigeria’s government (under Presidents Obasanjo and Jonathan) was less than stellar.  According to unnamed sources within the U.S. government, allegations of corruption have dogged her since the Obasanjo era and have yet to be resolved.
It is unclear whether her candidacy will succeed, but Nigeria and the WTO continue to back her candidacy.