The Economic Impact of the Postponement: Stability Deferred
Image: BBC On Saturday, 7 th of January, the Independent National Electoral Commission (INEC) announced that after careful deliberation it was acceding to the demands of the National Security Adviser (NSA) and the Service Chiefs to postpone the General Elections for six weeks. The new dates the Commission’s Chairman announced were now to be March 28 (Presidential and Federal Legislative elections) and April 11 (Gubernatorial and State Legislative elections). Much has already been written about the wide-spread suspicion which has greeted the postponement. Remi Adekoya’s article in The Guardian , Karen Attiah’s article in The Washington Post , and Tolu Ogunlesi’s article in the Financial Times , give a good sense of this general scepticism – much of which I share. In this article I instead highlight the implications and impact of the postponement on the country’s economic stability. Stability Deferred The ebullient glow that once pe...