Osun election is an evidence that Buhari will lose election in 2019-USA firm

A New York-based analysis firm, Teneo Intelligence, has said the
outcome of the Osun governorship election is an indication that
President Muhammadu Buhari could lose in 2019.
The Peoples Democratic Party (PDP) secured the highest votes in
the poll which the Independent National Electoral Commission
(INEC) declared inconclusive. Ademola Adeleke, candidate of the
PDP, polled 254,699, while his closest challenger, Isiaka Oyetola of
the All progressives Congress (APC) had 254,345 votes.
In a report by Bloomberg, the intelligence firm said if the opposition
managed to unite, the February election would be a tough one for
the ruling party.
“There is already a clear message sent from Osun State: provided
the PDP remains united, and the vote is reasonably free and fair,
Buhari and his APC are likely to lose the general election,” Malte
Liewerscheidt, an analyst at Teneo, said.
Recently, HSBC Bank, a global financial organisation, in its report
titled: “Nigeria: Papering Over The Cracks”, said the economy
would suffer setback if Buhari should win in 2019.The institution
added that the chances of Buhari winning another term were slim.
“A second term for Mr. Buhari, however, raises the risk of limited
economic progress and further fiscal deterioration, prolonging the
stagnation of his first term, particularly if there is no move towards
completing reform of the exchange rate system or fiscal
adjustments that diversify government revenues away from oil,”
the report read.
“In the near term, however, the election impact is likely to be
negative as increased political uncertainty precludes policy
reforms, weighs on confidence, deters investment spending and
restrains the growth outlook.”
But Senior Special Assistant to the President on Media and
Publicity, Garba Shehu refuted the report, attributing it to the fear
that the current administration could sanction the bank for
shielding stolen wealth of corrupt Nigerians. Shehu said the bank
had soiled its hand with millions of US dollars looted by Sani
Abacha, former military head of state.

Be the first to get updated. Subscribe to our newsletter

Share This Post

2 Comments

  1. Good update

  2. Nice post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>




Enter Captcha Here :