{"id":8350,"date":"2022-05-23T00:06:19","date_gmt":"2022-05-23T00:06:19","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=8350"},"modified":"2022-05-23T00:06:21","modified_gmt":"2022-05-23T00:06:21","slug":"next-africa-political-ambition-and-the-plunging-naira","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2022\/05\/23\/next-africa-political-ambition-and-the-plunging-naira\/","title":{"rendered":"Next Africa: Political Ambition and The Plunging Naira"},"content":{"rendered":"

About three dozen politicians are running to lead Africa\u2019s most populous nation on the two major party tickets, with those in government having had to resign. While elections are only in February, political jockeying is at fever pitch ahead of primaries to be held by the ruling All Progressives Congress and the Peoples Democratic Party this month.<\/p>\n

There are well known names but no clear frontrunners.<\/p>\n

Vice President Yemi Osinbajo and former Lagos state Governor Bola Tinubu are vying for the APC ticket against about 20 others. Former Vice President Atiku Abubakar is competing for the PDP\u2019s candidacy against Governor Nyesom Wike from the oil-rich Rivers state and at least 13 others.<\/p>\n

The winner may have to decide what to do with central bank Governor Godwin Emefiele, who briefly \u2014 and very publicly \u2014 flirted with running for the APC slot. The episode raised questions about his continued suitability for an ostensibly non-partisan role.<\/p>\n

Yet, ordinary citizens are paying the price for the crowded field.<\/p>\n

Campaigns are costly and in a nation where, analysts say, there is a history of vote-buying, the dollar is king. With so many candidates, demand for greenbacks has surged, pushing the naira to a record low on the black market.<\/p>\n

In a country that relies largely on imports and where inflation is already almost 17%, that\u2019s bad news for the tens of millions of Nigerians whose lives are likely to see little change, no matter who wins.<\/p>\n","protected":false},"excerpt":{"rendered":"

The race for Nigeria\u2019s presidency has cost the country key ministers, jeopardized the central bank governor\u2019s role and sent the naira plummeting.<\/p>\n","protected":false},"author":12963,"featured_media":8347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,16,15],"tags":[7,26,25],"class_list":{"0":"post-8350","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-news","9":"category-politics","10":"tag-apie-project","11":"tag-news","12":"tag-politics"},"yoast_head":"\nNext Africa: Political Ambition and The Plunging Naira - APIE NEWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/appsaf.apieproject.com\/news\/2022\/05\/23\/next-africa-political-ambition-and-the-plunging-naira\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Next Africa: Political Ambition and The Plunging Naira - 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