He has often been accused of maintaining control of the state's finances which he helped to build. "Motion without Movement". D uring his inaugural speech on May 29th in Abuja, the capital, President Bola Tinubu shocked and delighted reform-minded Nigerians by veering off-script to announce an end . Following the national elections in February, newly elected governors also took their oath of office in many Nigerian states on Monday. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Tinubu is believed to be one of Nigeria's richest politicians but the source of his wealth is unknown. "I have a message for our investors, local and foreign: our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.". While the court confirmed it had cause to believe the money in the bank accounts were the proceeds of drug trafficking, Mr Tinubu and the others denied the allegations, and the court never made a final order about the money's origins. The Bitcoin trading system has been a game-changer. In our administration, women and youth will feature prominently, he said. A Muslim born in Nigerias Yoruba-speaking southwest, Tinubu trained as an accountant in the United States and worked for several US companies, including as a treasurer at oil giant ExxonMobil. I do solemnly swear/affirm that I will be faithful and bear true allegiance to the Federal Republic of Nigeria; that as President of the Federal Republic of Nigeria, I will discharge my duties to the best of my ability, faithfully and in accordance with the Constitution of the Federal Republic of Nigeria and the law, and always in the interest of the sovereignty, integrity, solidarity, well-being and prosperity of the Federal Republic of Nigeria; that I will strive to preserve the Fundamental Objectives and Directive Principles of State Policy contained in the Constitution of the Federal Republic of Nigeria; that I will not allow my personal interest to influence my official conduct or my official decisions; that I will to the best of my ability preserve, protect and defend the Constitution of the Federal Republic of Nigeria; that I will abide by the Code of Conduct contained in the Fifth Schedule to the Constitution of the Federal Republic of Nigeria; that in all circumstances, I will do right to all manner of people, according to law, without fear or favour, affection or ill-will; that I will not directly or indirectly communicate or reveal to any person any matter which shall be brought under my consideration or shall become known to me as President of the Federal Republic of Nigeria, except as may be required for the due discharge of my duties as President; and that I will devote myself to the service and well-being of the people of Nigeria. Nigeria's Ibori: From Petty Thief to Governor to Prison - U.S. News His ruling All Progressives Congress (APC) faces accusations of electoral fraud in polls, that took place over Saturday and Sunday, from its two main opponents. They are a member of a political party and are sponsored by that political party; They have voluntarily acquired the citizenship of a country other than Nigeria (except in such cases as may be prescribed by the. He also mentioned the need for a thorough housecleaning of the countrys monetary policy saying the central bank must work towards a unified exchange rate. The president, Mohammadu Buhari celebrated his 77th birthday on the 17th December 2019, which implies the Nigerian President was born on the 17th of December 1942. Thousands of Nigerians and several heads of government attended the swearing-in ceremony for the 71-year-old Tinubu in the country's capital, Abuja. Osinbajo, a brilliant legal mind, knows that his declaring his ambition was the ultimate betrayal of his loyalty to Tinubu. Nigeria: Bola Tinubu sworn in as new president | CNN Widely credited with reshaping Nigeria's commercial hub Lagos, Mr Tinubu saw off a divided opposition party and a youth-backed third-party candidate in February's election. Bola Tinubu to become Nigeria's president despite court challenges The president is directly elected in national elections to a four-year term, along with the vice president. You would agree that we can only project from the list of potential aspirants available in APC and PDP without prejudice to the other registered political parties. On 29 May 2015, Muhammadu Buhari, a former military head of state was sworn in as president of the Federal Republic of Nigeria and the 15th head of state after winning the general election. He first got involved in politics in the 1990s and was elected governor of Lagos when military rule ended in 1999. He was a political activist before becoming a senator and later governor of Lagos State, which he governed from 1999 to 2007. A trained accountant, it was the activities of the pro-democracy National Democratic Coalition (Nadeco) group, where he was a member, that brought him into Abacha's crosshairs. No Nigerian president has come into office with so much goodwill from citizens as President Buhari but no other president has squandered it as quickly as President Buhari did, said Dr Seun Kolade, a Nigerian development expert. The February election had galvanised young voters hoping for a break from the two parties that have dominated Nigerian politics since military rule ended in 1999. In 1979, Nigeria adopted a federal presidential constitution. How do we fight wildfires as temperatures rise? Exclusive news, data and analytics for financial market professionals, Editing by Alexandra Zavis and Alexander Smith; Editing by Robert Birsel, Oil prices up 2% to 3-month high on tight supply, China stimulus hopes, At least 15 migrants drown off coast of Senegal capital Dakar, At least 125 tombs discovered at Roman-era cemetery in Gaza, Dollar edges up against euro, central banks in focus, Radical UK Islamist preacher Anjem Choudary charged with three terrorist offences, White House says Biden will veto Republican-backed bills over spending cuts, Rupee ends at 3-wk high on dollar inflows; Fed meet in focus, Analysis: China's pitch to foreign investors falls flat as incentives dwindle, Jury out in actor Kevin Spacey's London sexual offences trial. Both men are members of the All Progressives Congress (APC). [1] Bola . It comes three days after criticism by observers for widespread logistical failings, violence that suppressed the vote and cries from opposition parties of a sham. Who Won Nigeria's Presidential Election? All States Declared Final In 1975, General Yakubu Gowon was deposed and Brigadier Murtala Mohammed was made head of the Federal Military Government of Nigeria until his assassination in 1976. Though he has whittled down the power of Islamic extremists in the northeast and has built key infrastructure with the aid of foreign loans, many believe the quality of life and standard of living has reduced under Buhari. A new king was crowned in Nigeria's oil-rich Delta region and young Mr Tinubu has rejected the allegation, and has hailed the peaceful transfer of power as "our enduring faith in representative government". Our mission is to improve our ways of life in a manner that nurtures our humanity, encourages compassion towards one another and duly rewards our collective efforts.. The power includes the execution and enforcement of federal law and the responsibility to appoint federal executive, diplomatic, regulatory, and judicial officers. Tinubu responded with the statement: "I keep money anywhere I want.". An amendment to the 1960 Independence Constitution replaced the office of the governor-general with that of the president. They are under a sentence of death imposed by any competent court of law or tribunal in Nigeria or a sentence of imprisonment or fine for any offence involving dishonesty or fraud or for any other offence, imposed on them by any court or tribunal or substituted by a competent authority for any other sentence imposed on them by such a court or tribunal; Within a period of less than ten years before the date of the election to the office of President they have been convicted and sentenced for an offence involving dishonesty or they have been found guilty of the contravention of the Code of Conduct; They are an undischarged bankrupt, having been adjudged or otherwise declared bankrupt under any law in force in Nigeria or any other country; Being a person employed in the civil or public service of the Federation or of any State, they have not resigned, withdrawn or retired from the employment at least thirty days before the date of the election; or. President Tinubu eulogises first female Professor - Daily Post Nigeria If no candidate passes this threshold, a second round will be held between the top candidate and the next candidate to have received a majority of votes in the highest number of states. Nigeria's Abubakar launches bid to succeed Buhari as president | CNN The 70-year-old does not respond to such allegations, tending instead to ignore them. How Nigeria's New Leader is Trying to Turn the Economy Around He was never charged and denies wrongdoing. However, some critics say the pro-Tinubu narrative erases the welfarist politics of Lateef Jakande, governor between 1979 and 1983, who laid the foundations of todays Lagos, which has swelled from four million people three decades ago to 21 million today. Nigeria's economy has been in the doldrums for years, hamstrung by an inefficient bureaucracy, policy missteps, runaway public debt, rampant corruption and crime. Attimes heappeared frail and with a slurred speech on the campaign trail, but he has repeatedly dismissed any concerns about his health. The president also plays a leading role in federal legislation and domestic policymaking. On 29 May 2007, Umaru Musa Yar'Adua was sworn in as president of the Federal Republic of Nigeria and the 13th head of state completing the first successful transition of power, from one democratically elected president to another in Nigeria. This all happens while you're dreaming sweetly! One critic described him as a greedy politician who has gobbled up major sources of revenue from Lagos. Nigerians are hoping for livelier yet safer leadership under their new man. He assumed the Presidency office in may 2015 from the former president Goodluck Jonathan. He graduated from Chicago State University in 1979 with a degree in business administration. The Most famous Nigerian, according to answers-Nigeria 2019 rating, President Mohammadu Buhari is married to Aisha Buhari and blessed with kids. The new President of the Economic Community of West African States, ECOWAS, Commission, Dr. Omar Touray of the Gambia, has assumed office. Tinubu is Nigeria's president-elect after disputed election Turn on desktop notifications for breaking stories about interest? [15][16][17] Yar'Adua died on 5 May 2010 at the presidential villa, in Abuja, Nigeria, becoming the second head of state to die there after General Sani Abacha. Bola Tinubu is the 16th and current president of Nigeria, having assumed office on 29 May 2023. He ultimately came third but despite defeat, Obi's 25% share of the vote is the highest third party percentage tally in Nigerian history. There is already a very substantial loss of confidence in the government as a protector of citizens," said Nnamdi Obasi, senior adviser for Nigeria at the International Crisis Group. A light rail project he started has not been completed after 20 years. While Tinubu missed several of his party's big campaign events and has appeared frail during some appearances, his speech often slow and slurred, he has repeatedly brushed aside concerns about his health. The full names of the President of Nigeria popularly known as Buhari are president Gen. Muhammadu Buhari. After working for U.S. consultancy firms, he returned to Nigeria in the 1980s and worked for the branch of the Mobil oil company as an auditor. An all-Nigerian Executive Council was headed by a Prime minister, Alhaji Sir Abubakar Tafawa Balewa. More than 93 million registered voters will choose among 18 candidates to replace Buhari, according to Nigeria's Independent National Electoral Commission. People have really suffered (during) this period. He was instrumental in bringing together APC factions, pushing Buhari to victory in 2015 and ending 16 years in power for the rival Peoples Democratic Party (PDP). Copyright The African Exponent. On 1 October 1963, Nigeria became a Federal republic thereby abolishing its monarchy, but remained a member of the Commonwealth of Nations. See here for a complete list of exchanges and delays. Tinubu inherits a struggling economy with record debt, shortages of foreign exchange and fuel, a weak naira currency, nearly two-decades-high inflation, skeletal power supplies and falling oil production due to crude theft and underinvestment. On 31 December 1983, the military overthrew the Second Republic. He said he had saved $1.8m (1.5m) from his wages and other allowances, nearly the same amount found in accounts linked to him in a 1993 dispute with the US authorities. Buhari is due to step down on May 29. Tinubu's campaign slogan was "emi lo kan" in his native Yoruba "It's my turn." Separatist and gang violence plague the southeast, and clashes between farmers and herders persist in hinterland states known as Nigeria's Middle Belt. Nigeria's President Bola Tinubu declares state of emergency over food Kidnapping and debt: A Nigerian legacy. See here for a complete list of exchanges and delays. Described by his allies as an astute political strategist, he co-founded and financed the Alliance for Democracy, which later became the Action Congress of Nigeria, and then helped form the APC. Public infrastructure is largely in a state of disrepair - basic amenities such as water and public housing are decrepit, while a light rail project started during his tenure has not been completed almost 20 years later despite the riches of the state. British radical Islamist preacher Anjem Choudary has been charged with three terrorism offences after being arrested in London last week, police said on Monday. The outcome of the court challenge is due in about three weeks. Some analysts also say the promises made by Tinubu and the hope they bring are reminiscent of when Buhari was first elected president in 2015 as a former military head of state. In a January 1966 failed coup d'tat, a group of army officers, led by Major Chukwuma Nzeogwu, overthrew the federal and regional governments, killed the prime minister Abubakar Tafawa Balewa, and tried to take control of the government. Winning a. Israel launched its biggest raid on the West Bank in over 20 years, Senegals President Macky Sall says he wont stand for a third term, California: Do Not Sell My Personal Information, How well-connected Iranians import their goodies, Why Africa is poised to become a big player in energy markets, Israels constitutional chaos is far from over. He defended his choice, saying he went for competence over primordial interests. Official poll results indicate that the 70-year-old 'political godfather' won 36% of the vote. If neither candidate passes this threshold, a third round will be held, where a simple majority of the votes is required to be elected.[38]. Mr Tinubu was sued despite him and Alpha-beta denying the allegations but all parties decided to settle out of court last June. This process was conducted by the presidential screening committed in the legal house of Abuja. Nzeogwu was countered, captured, and imprisoned by the Army general officer commanding Major General Johnson Aguiyi-Ironsi. Osinbajo's high-profile position gives him a great view of what goes on in the government circles. Many of these problems worsened under Buhari, on whose party ticket Tinubu ran. 2023 Election, Who Will Be the Next President of Nigeria? Every governor that has succeeded him has been a protg following a "grand roadmap", while one that dared to find his own path was quickly brought to heel, aided by powerful transport union members. All rights reserved. But insecurity has spread. 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