Nigeria mark two years of a Buhari Presidency

Nigeria is on the brink of marking two years since President Muhammadu Buhari took office, but his prolonged absence due to his health concerns has cast a shadow of uncertainty over the nation's political and economic landscape. The president first embarked on a 10-day medical vacation back in January, which was later extended indefinitely, sparking rumors and speculations about his health. After a period of absence, President Buhari returned to office only to soon embark on another medical vacation, leaving Vice President Yemi Osinbajo in an acting role once again. The uncertainty surrounding President Buhari's health has not only raised concerns among Nigerian citizens but has also impacted global investors' perception of Nigeria as a lucrative investment destination. The constant back and forth with the president's health has created a sense of instability, leading many investors to reconsider their positions in Africa's largest consumer market. One of the key points of contention is the political risk associated with President Buhari's uncertain health condition. With the 2019 elections looming on the horizon, the absence of a clear transition plan in the event of the worst-case scenario has left many questioning the future stability of Nigeria. The uncertainty surrounding the presidency has the potential to spark a power struggle between the country's northern and southern regions, further complicating economic development. While President Buhari's health issues persist, Vice President Osinbajo has stepped up and assumed a more prominent role in governing the country. His performance as acting president has been widely praised, with many commending his competency and effectiveness in leading the nation during President Buhari's absence. Osinbajo's background in law reforms and his proactive approach to governance have instilled confidence in both local and international stakeholders. Despite the concerns surrounding President Buhari's health, the constitutional handover of power to Vice President Osinbajo has provided a sense of stability and continuity in leadership. Economic analysts believe that as long as the current economic policies put in place by the administration are upheld, Nigeria should be able to avoid an economic standstill even in the absence of President Buhari. The controversy and speculation surrounding President Buhari's health can be traced back to the country's past experiences with political uncertainty during former President Umaru Yar'Adua's illness and eventual death. However, the constitutional framework in place in Nigeria ensures a smoother transition of power in case of any unforeseen circumstances. As Nigeria commemorates two years of President Buhari's tenure, the nation finds itself at a crossroads, grappling with political uncertainty and economic challenges. The path forward remains unclear, but with Vice President Osinbajo at the helm, the hope for stability and progress lingers in the horizon.