Poverty and Corruption in Nigeria
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 12 February 2019
⏱️ 18 minutes
🧾️ Download transcript
Summary
Nigeria goes to the polls to elect a president this weekend. Two issues are prominent - the state of the economy and corruption. Local businessman Evans Akanno tells us why just getting the electricity to stay on would be a good start. Amy Jadesemi, CEO of the Lagos Deep Offshore Logistics Base, explains why global oil prices are still crucial to Nigeria. Benedict Crave, Nigeria analyst at the Economist Intelligence Unit, explains why challenger Atiku Abubakar might win the presidency.
(Photo: A woman walks past presidential campaign posters in Lagos, Nigeria, Credit: Getty Images)
Transcript
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| 0:00.0 | Hello there, I'm Ed Butler and welcome to Business Daily from the BBC. |
| 0:06.0 | Today we're looking at Nigeria as it heads to the polls at a time of economic distress in the country. |
| 0:12.3 | Poverty is too much. People don't use to. No money to pay school fees. No money to eat. I'm doing nothing. Job rest. |
| 0:20.2 | Yes, unemployment and poverty in Africa's most populous nation, |
| 0:23.9 | but can the main opposition candidate offer anything better? A lot of his policies are quite |
| 0:28.6 | inflationary and they're very pro-business rather than pro-poor. I think people might view that |
| 0:33.9 | as him sort of bailing out of his cronies or sort of getting them off the hook. |
| 0:40.8 | Nigeria at the polls. That's Business Daily from the BBC. The sound there of one of the big political rallies taking place in Nigeria over the weekend, |
| 1:01.8 | with elections coming up on Saturday, the two main contenders in the race |
| 1:05.9 | and their supporters have been out in force. |
| 1:08.2 | President Buhari is pushing for a second term, pledging continuity |
| 1:11.7 | and to continue his fight against endemic corruption in the country. But his successes so far in |
| 1:17.1 | that area have been questioned by some. His main opponent, Atiku Abu Bakr of the People's Democratic Party, |
| 1:24.7 | has a background in business. Many observers consider the race between |
| 1:28.4 | the two men to be neck and neck. So today we're looking at the context for all of this, particularly |
| 1:33.3 | the economic context. Nigeria, Africa's most populous nation, does have a clear, glaring problem |
| 1:40.3 | at the moment, one that's significantly worsened, in fact, since President Buhari came to power. |
| 1:45.1 | The unemployment rate has more than doubled there, reaching 23% in July last year, officially, at which |
| 1:52.1 | point it was reported the country had overtaken India as having the world's highest number of people |
| 1:57.0 | living in outright poverty, an unenviable status. |
| 2:01.2 | Here's a sense of what all that feels like for some of those out on the streets of the capital, Abuja. |
| 2:06.6 | The economic situation really tis are bad. |
... |
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