The China Mail - Bola Tinubu vows to unite and secure Africa's troubled giant

USD -
AED 3.672504
AFN 65.000368
ALL 81.216919
AMD 362.051328
ANG 1.789785
AOA 917.000367
ARS 1515.25437
AUD 1.435956
AWG 1.80125
AZN 1.70397
BAM 1.739803
BBD 2.01708
BDT 123.195303
BGN 1.747831
BHD 0.378775
BIF 2997.464751
BMD 1
BND 1.281146
BOB 11.69239
BRL 5.065104
BSD 1.001468
BTN 95.050483
BWP 13.720589
BYN 3.015879
BYR 19600
BZD 2.014233
CAD 1.41575
CDF 2313.50392
CHF 0.825932
CLF 0.024881
CLP 979.255437
CNY 6.691204
CNH 6.686704
COP 3173.953654
CRC 455.099408
CUC 1
CUP 24.035938
CVE 98.087444
CZK 21.645304
DJF 178.33919
DKK 6.651204
DOP 61.433083
DZD 133.824668
EGP 53.529689
ERN 15
ETB 163.585998
EUR 0.889904
FJD 2.26765
FKP 0.750253
GBP 0.752078
GEL 2.590391
GGP 0.750253
GHS 11.695058
GIP 0.750253
GMD 73.503851
GNF 8810.21216
GTQ 7.652004
GYD 209.527198
HKD 7.84815
HNL 26.885202
HRK 6.703804
HTG 131.147978
HUF 323.310388
IDR 18053
ILS 3.09465
IMP 0.750253
INR 94.965504
IQD 1518.213762
IRR 1795877.503816
ISK 121.180386
JEP 0.750253
JMD 159.195837
JOD 0.70904
JPY 158.01504
KES 130.098296
KGS 87.450384
KHR 4070.631144
KMF 440.00035
KPW 899.999961
KRW 1334.740383
KWD 0.31082
KYD 0.834586
KZT 453.195748
LAK 22534.359294
LBP 89683.40524
LKR 331.690611
LRD 170.751234
LSL 16.462394
LTL 2.95274
LVL 0.60489
LYD 6.431526
MAD 9.729662
MDL 17.966464
MGA 4507.405595
MKD 54.836988
MMK 2100.071343
MNT 3596.488264
MOP 8.096339
MRU 40.037362
MUR 47.230378
MVR 15.460378
MWK 1736.600987
MXN 18.492904
MYR 4.083204
MZN 63.903729
NAD 16.462394
NGN 1331.210377
NIO 36.854512
NOK 9.427704
NPR 152.081128
NZD 1.767253
OMR 0.382413
PAB 1.001468
PEN 3.444825
PGK 4.547436
PHP 62.986038
PKR 277.237468
PLN 3.88825
PYG 5719.877241
QAR 3.660721
RON 4.730604
RSD 104.461148
RUB 84.13468
RWF 1478.183516
SAR 3.752837
SBD 8.064647
SCR 13.905529
SDG 601.503676
SEK 9.912404
SGD 1.282104
SHP 0.754745
SLE 24.680371
SLL 20969.504398
SOS 572.343548
SRD 37.794504
STD 20697.981008
STN 21.794245
SVC 8.763065
SYP 13001.999685
SZL 16.455989
THB 33.445038
TJS 9.228751
TMT 3.51
TND 2.98768
TOP 2.40776
TRY 49.513804
TTD 6.798915
TWD 32.453604
TZS 2646.44398
UAH 44.920874
UGX 4136.458658
UYU 40.314905
UZS 12073.121914
VES 878.910604
VND 25894.5
VUV 119.385856
WST 2.787824
XAF 583.738825
XAG 0.017551
XAU 0.000240063761
XCD 2.70255
XCG 1.804919
XDR 0.707052
XOF 583.738825
XPF 106.089045
YER 236.150363
ZAR 16.494037
ZMK 9001.203584
ZMW 20.049815
ZWL 321.999592
SSP 5750.775019
MXV 2.088032
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Bola Tinubu vows to unite and secure Africa's troubled giant
Bola Tinubu vows to unite and secure Africa's troubled giant / Photo: © AFP/File

Bola Tinubu vows to unite and secure Africa's troubled giant

Nigeria's new president Bola Tinubu, sworn in on Monday, has promised to unite Africa's most populous nation and tackle insecurity as "top priority".

Text size:

The 71-year-old succeeds 80-year-old former army general Muhammadu Buhari of the same party, who stepped down after two terms in office, leaving a country facing a sea of economic troubles and security challenges.

"As president of the Federal Republic of Nigeria I will discharge my duties and perform my functions honestly to the best of my ability, faithfully and in accordance with the constitution," Tinubu said in a live broadcast from the capital Abuja's Eagle Square.

Foreign leaders and representatives present at the ceremony included presidents Cyril Ramaphosa of South Africa, Paul Kagame of Rwanda and Nana Akufo-Addo of Ghana as well as delegations from the US, Britain and China.

Kashim Shettima was sworn in as vice president, taking over from Yemi Osinbajo.

The ruling party duo were declared winners of a February 25 election, gaining the highest number of votes and picking up the required number of ballots across two-thirds of Nigeria's states.

But Tinubu only garnered just over a third of the total vote, leaving him with a weak mandate, some analysts say.

The poor showing reflects "widespread disenchantment with his party's record... along with misgivings about his personal eligibility for the office," the International Crisis Group (ICG) think tank said in a note.

Opposition leaders are contesting results in court, claiming fraud.

In his inaugural speech, Tinubu, known in Nigeria as a political "godfather" and former kingmaker, insisted he would work to unite the country.

"Whether from the winding creeks of the Niger Delta, the vastness of the northern savannah, the boardrooms of Lagos, the bustling capital of Abuja, or the busy markets of Onitsha, you are all my people," Tinubu said.

"As your president, I shall serve you with prejudice toward none but compassion and amity towards all."

- Violence, subsidies -

Buhari, who Tinubu has bragged he helped put into power in 2015, promised to tackle graft and insecurity while in office but disappointed many.

He bequeaths his successor mounting debt and inflation, as well as deepening concern over incessant attacks and kidnappings by armed groups.

The outgoing president left Abuja on Monday to spend time at his farm in Daura, in Katsina State, near the border with Niger.

Addressing a crowd wearing a traditional attire, Tinubu promised to address widespread violence that occurs almost daily across the country.

"Security shall be the top priority of our administration because neither prosperity nor justice can prevail amidst insecurity and violence," he said.

Troops are currently battling gangs of heavily armed criminals and kidnappers in central and northwestern states, oil thieves, pirates and separatists in the southeast, and a 14-year-old jihadist insurgency in the northeast.

Tinubu also reiterated some of his campaign promises to fix a sickly economy, including removing costly fuel subsidies.

Oil-rich Nigeria swaps crude worth billions of dollars for gasoline that it then subsidises for its domestic market.

This has caused a huge drain on revenue and foreign exchange, contributing to ballooning debt.

More than 80 million of the country's estimated 210 million people live below the poverty line, according to the World Bank, and the United Nations has warned that over of a quarter of those are facing acute hunger this year.

Despite thriving tech and entertainment sectors, many middle-class Nigerians are moving abroad hoping for a brighter future.

- Continuation -

As one of its economic priorities, Tinubu said his governments intends to "re-channel the funds (of subsidising fuel) into better investment in public infrastructure, education, health care and jobs".

While Tinubu's supporters tout his time as Lagos governor between 1999 and 2007, saying he modernised the nation's commercial hub, others have concerns about corruption allegations, which he denies, and questioned his health.

While he may be different in style and reputation to Buhari, the two men have key similarities.

They both adhere to Islam and are of an advanced age, in a country divided between Christians and Muslims and where the median age is 18.

Buhari made repeated medical trips to the UK when he was president, while Tinubu spent time abroad during the campaign and between the election and inauguration.

Speculation about Tinubu's health is widespread, prompting attention to turn to his deputy Shettima, a 56-year-old former governor of the northern state of Borno.

Complicating matters for the new government, national assembly elections produced greater political plurality this year, with seven parties represented in the incoming senate and eight in the next house of representatives.

"The next administration will need to work overtime to garner consensus on the legislative agenda," said Afolabi Adekaiyaoja in a report for the Abuja-based Centre for Democracy and Development.

Governors, who wield substantial power in Nigeria, were also being sworn in on Monday.

Q.Yam--ThChM