Just as we are drawing closer to February 25, the date schedule for the commencement of general election in Nigeria, there is anxiety everywhere. Many investors are withdrawing their funds. The value of naira is dropping while that of dollars, pound sterling and euro are rising.
2023 general election impact on Nigeria naira?
- Thread starter hastral45
- Start date
We need to look into different certain things and it is very important that we should be very keen to understanding the Nigerian general election and I know that the major contenders are the candidate of the APC and that of the PDP.
I think that the election is jeopardized already because the government is playing politics and I am not very sure that the incumbent party is going to win due to the crisis that is happening at present and it is a calculated incidence.
Nigeria is completely in a very big mess right now I'm especially with the situation surrounding the issue of changing of the currency old notes to a new note before the election and it's making everything difficult for the entire citizens of the country.
The day of the election has finally come, we can only hope our votes count and the right person is elected. Cause with the current state of the government, it would be so bad if the wrong person is elected for another four years.
Same here. I'm done voting I just hope for a better Nigeria.
And on election days, there is artificial scarcity of the Nigerian currency intentionally done by government to stop vote buying. Mobile transfer channels have been strained for the same reason too. I hope all these come out well.
This is very true. The global economy is experiencing inflation as at now. We just hope that the new set of leaders should be able to create a good business environment that would support foreign direct investment in the country.
I am praying also that the right candidate wins this particular elections. Reports coming in so far has indicated the elections are free and fair. Hopefully, the cash crunch would be alleviated after the elections.
This election will determine how this country will fare in near future. If we make another mistake by electing criminals and illiterate as we do in 2015, I don't see the country surviving the crisis that will ensue. Mr. is already leading the poll but it is still early to predict.
For some parts of yesterday, bank transfers were not going through. It later went through. I know all those were strategies to stop vote buying. People that went to polling units expecting to be offered money to vote were utterly disappointed.
