NIGERIA DECIDES: Economic impact of election postponement
The Nigerian electoral authority postponed the country’s presidential election that was to be held on Saturday 16 February, just five hours to the opening of the polls. It set the new date at 23 February.
The Independent National Electoral Commission (INEC) cited operational and logistical challenges as the reason for the pushing forward of the voting dates.
The decision to re-schedule the vote disappointed many Nigerians who felt it was ill-timed and that the voters were ready to undertake their civil responsibility.
The West African country has more than 84 million citizens registered to vote in the presidential election.
Many of them felt they were inconvenienced by the decision to re-schedule the election.
Apart from the inconvenience caused to individuals however, the vote also had an impact on businesses and Investments in Nigeria.
Many people had to shut their businesses for the voting exercise which did not happen. Companies also may have shut down on the voting day to give their employees ample time to cast their votes.
The decision had massive effects cutting across the business sector.
To get a deeper feel of this, CGTN got a hold of Dr Emeka Okengwu, a Nigerian Economist who also acts as the National Chairman of Alliance of Social Democrats.
Here’s what he had to say;