Nigeria 2019 Elections: Threat, Political Risk Assessment

S/election seasons in Nigeria are synonymous with war situations, a do-or-die affair. Barely six months to Nigeria’s defining 2019 general elections, governance and business activities are almost at a standstill. Machiavellian intrigues, seismic political stunts, inter-party defections, impeachment plots are now the new normal in Nigeria. The political wheeling and dealing playing out in Nigeria is having a butterfly-effect on the already fragile economy, volatile political climate, security, geo-political risk, instability.

Militancy, Political Uncertainty Seen as Key Risks for Nigeria, Others

Sequel Nigeria’s exit from recession in 2017, investor sentiment across West Africa is likely to experience uplift in 2018, a report has stated. The report, however, pointed out that political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns were among the key risks for businesses operating in the region.

How High Political Risks Impact Businesses in Nigeria

The assessment and perception of Nigeria as a high political risk region is impacting negatively on the fortunes of businesses and their abilities to access foreign loans.

The current economic recession has not only hiked the cost of borrowing, there is hardly enough money to give to businesses to run their operations or retool in the short or long terms.