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Bank wary of APC’s victory impact on investors

2015-02-10 17:19

Abuja - An international economic think-tank, which projected a run-off election to determine the winner of the rescheduled presidential poll, expressed “concern” at the prospects of a victory by the opposition.

The polls, initially scheduled for this coming weekend, have been slated for next month and April.

Incumbent, President Goodluck Jonathan and his People’s Democratic Party, as well as General Muhammadu Buhari and his All Progressives Congress are heavily tipped for a fierce battle.

Rand Merchant Bank (RMB), the economic think-tank appears wary of an opposition victory.

Also read: APC promises improved healthcare delivery

“An opposition victory is concerning as policy-making will be delayed and investors will adopt a wait-and-see approach to investment into Nigeria,” the organisation argued its latest Global Markerts Report.

It forecasted a run-off poll between the leading contenders for the Presidency.

“The upcoming election will be a closely contested one, with a run-off being a strong possibility.”

The Independent National Electoral Commission (INEC) postponed the general election to 28 March in order to guarantee a free and fair election and give all eligible citizens the opportunity to vote.

“The Boko Haram attacks also played a part in the election delay as the INEC wants citizens from the north-eastern zone to also participate in the polls safely and peacefully,” RMB stated.

- CAJ News
Read more on: inec  |  apc  |  boko haram  |  goodluck jonathan

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