Key questions this article answers:
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As Nigeria’s new president gets sworn in on May 29, he inherits an economy with high inflation and unemployment. Which should the government focus on solving first?
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How does the impact of prioritising one affect the other?
On Monday, a new president will be sworn into power; and invariably inherit one of the most challenging jobs ever. Unluckily for him, given the performance of his predecessor, the stakes are higher, given how unpopular the candidate and party are. The bar is so low that at worst, he could perform just as President Buhari, and at best, he could perform better (even if it's just slightly).
But he faces a rather challenging situation, as he has much to contend with, like the inherited ₦69 trillion debt stock. There’s also an exchange rate crisis that has caused so many disruptions and led to the exit of businesses