On Monday, the tribunal fixed Wednesday, for ruling on the petitions challenging the victory of President Bola Tinubu in the February 25 election.
The Allied Peoples Movement (APM), Peter Obi of the Labour Party (LP), and Atiku Abubakar of the Peoples Democratic Party (PDP) have approached the tribunal to challenge Tinubu’s victory.
The battle for the just concluded 2023 presidential election ended with the emergence of the All Progressives Congress (APC) presidential candidate, Bola Ahmed Tinubu as the winner on Wednesday morning.
While other aggrieved candidates have vowed to go to court, stakeholders in the Nigerian economy said while Tinubu and his party are bracing up for the impending legal battles, Nigerians will keep their eyes on the President-elect to hit the ground running.
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The argument is that having traversed the length and breadth of the country, where messages of hope and assurance of quick fixing of the prevailing economic challenges were given by Tinubu, one can’t blame the citizens for being in a hurry for solutions to the myriads of economic difficulties which have driven a larger proportion of them into poverty.
Since President Bola Tinubu of Nigeria was sworn in less than two months ago, he has shaken up his country with economic decisions that have been welcomed by investors and international backers, but been devastating to the livelihoods of many Nigerians.
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Now the question is whether Nigeria, Africa’s most populous country, with 220 million people, will thrive or just get sicker from the bitter medicine dispensed by its new president.
Mr. Tinubu set off shock waves when he announced during his inaugural speech on May 29 that he was ending a fuel subsidy that for decades had given Nigerians some of the cheapest oil in Africa, but amounted to a quarter of the country’s import bill. Gas stations tripled their prices overnight. Transportation fares, electricity and food prices followed.
The government has defended removing fuel subsidies, saying saving money and attracting investment is necessary.
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NLC begins a two-day warning strike on Tuesday, September 5, in protest against the government’s removal of fuel subsidy.
The NLC, the country’s largest trade union federation, said the strike would affect all sectors of the economy, including banking, transportation, and manufacturing.
The union said the strike was necessary to protest the government’s decision to remove fuel subsidies, which it said would devastate ordinary Nigerians, they said the removal of fuel subsidies is a direct attack on the poor and working people of Nigeria.
With the benefits and the disadvantages of subsidies what will be done by the next president if Tinubu victory was ruled out.
