President Buhari promised a free and fair election contesting against his major challenger Atiku Abubakar of the People’s Democratic Party. Nigeria’s revenue problem continued with the average oil prices below $60 and revenue targets, especially from taxes, hardly met. In all, the Central Bank of Nigeria has stood valiantly defending the naira and heavily depleting the country’s foreign reserves. The fact is the country has major revenue issues and the artificial measures to prop up the Naira will definitely wear out. 2020 could really bite hard on the average Nigerian with increased VAT, a potential electricity tariff increase and the continued effects of the border closure.

Source: The Guardian December 23, 2019 14:59 UTC