Newsdeck: Nigerian President Buhari Has Unassailable Lead in Vote Count By Bloomberg
After results from all but one of the 36 states and the Federal Capital Territory were announced, Buhari led his main challenger Atiku Abubakar by a 56 percent to 40 percent margin, according to Bloomberg calculations from data from the Independent National Electoral Commission. The opposition People’s Democratic Party called the count “manipulated” and said it will challenge it.
“Serious operational shortcomings placed undue burden on voters,” the European Union observer mission said. Wall Street banks such as Citigroup Inc. had said Nigerian equities and bonds would probably rally if Abubakar wins. The stock market fell 0.7 percent Tuesday, the most in a week, as investors took in a Buhari victory.
The incoming administration will have to deal with widespread violence in the northeast where insurgents, some now affiliated to Islamic State, have been fighting to impose their version of shariah law. The conflict has claimed tens of thousands of lives and forced more than 2.5 million people in the Lake Chad region to flee their homes.
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