Image Credit: Coronation Research

March 10, 2023/Coronation Reaction Note

The Independent National Electoral Commission (INEC) announced the result of the 2023 presidential elections on Wednesday, 1 March ’23. Bola Ahmed Tinubu of the All-Progressives Congress (APC) won the election, defeating Atiku Abubakar of the Peoples Democratic Party (PDP), Peter Gregory Obi of the Labour Party’s (LP), and Rabi’u Musa Kwakwanso of the New Nigeria Peoples Party (NNPP).

The major opposition parties have called for a cancellation of the presidential election, citing reports of disruptions and irregularities during the election process. An election petition tribunal is ongoing.

Anecdotal evidence show that the business community is fairly optimistic, as potential reforms and policies listed in the President-Elect’s manifesto are encouraging. If implemented accordingly, current economic headwinds could dissipate and by extension, boost business confidence.

For the full Reaction note, please click here.