By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Nigeria losses about $1.5billion on election postponement
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Nigeria losses about $1.5billion on election postponement
Nigeria losses about $1.5billion on election postponement
News

Nigeria losses about $1.5billion on election postponement

Fesadeb
Last updated: 2019/02/16 at 4:06 PM
Fesadeb Published February 16, 2019
Share
SHARE
Lagos Chamber of Commerce and Industry (LCCI) has stated that the postponement of the Presidential election by INEC cost the nation no less than $1.2billion loss owing to the disruption of activities across the states.
Independent National Electoral Commission (INEC) postponed the general elections a few hours to the commencement.The elections scheduled to commence Saturday, February 16 with the presidential and National Assembly elections, will be held February 23. Governorship and state houses of assembly elections will take place on March 9.

paint

The Director General of the Chamber, Muda Yusuf in a chat with The Guardian noted that several activities were disrupted as a result of the postponement adding that a slowdown should be expected in the days ahead till the elections are conducted.

Yusuf stated that many SMEs’ activities were affected; the airports and seaports were shut down while many people have had to move from one location to another.

He noted that the impact of the loss will be felt across the sectors of the economy, especially for activities scheduled for February 23rd, the new date for the elections.

Source: TheGuardian

You Might Also Like

Tinubu Unveils Major Overhaul of Public Procurement System to Boost Transparency and Support Local Industries

Tinubu Engages Top Security Officials in High-Level Strategy Session Amid Rising Insecurity

Nigeria’s Inflation Eases to 23.71% in April, Marking Continued Decline

Federal Government Unveils $20 Billion Debt Recovery Plan Through Revamped Bank of Agriculture

Tinubu To Attend Pope Leo XIV’s Inauguration

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb February 16, 2019 February 16, 2019
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?