Nigeria Picks Bola Tinubu as President Amid Cash Shortages

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Nigeria Picks Bola Tinubu as President Amid Cash Shortages
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Bola Tinubu was declared Nigeria's new president after a disputed vote, and amid crippling cash shortages. iamsandali camomileshumba report

Buhari’s term was plagued with nationwide anti-police brutality riots, rising inflation and in recent months, protests over cash shortages resulting from complications of a plan to swap old banknotes for new ones. Buhari could not run again, having served the maximum of two terms., which made Tinubu, who's from the same political party as Buhari, the leader of the West African nation.

The Central Bank of Nigeria, under Buhari’s administration, issued a digital naira in October 2021 to encourage electronic payments and rival the adoption of private cryptocurrencies in the country. Nigeria’s tech-savvy, young population made the nation one of the fastest crypto adopters in the world, despite attempts by the government to put a damper on use.

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