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Bola Tinubu sworn in as Nigeria’s 16th president

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Bola Ahmed Tinubu has been sworn in as Nigeria’s 16th President on Monday, May 29 at Eagle Square in the country’s capital city, Abuja.

Tinubu and his deputy, Kashim Shettima took the oath of office at exactly 10:28 AM and 10:38 AM respectively, administered by the Chief Justice of Nigeria, Justice Olukayode Ariwoola.

Shortly after being sworn in, the Nigerian President promised to solve terrorism and criminality. “Security shall be top of our administration,” he said, adding that he would reform security architecture, invest more in security personnel, providing better training and equipment.

Additionally, he pledged to transform the economy in order to spur expansion and increase the Gross Domestic Product through job creation, fighting extreme poverty, increasing food production, ensuring the inclusion of women and young people, and combating corruption.

On the controversial subject of fuel subsidy removal, he took a firm position, announcing that the fuel subsidy regime was over. He also stated that, on the monetary policy side, he would work towards a unified foreign exchange system.

He was declared the winner of the presidential elections held on February 25 in which the 36 states of the federation and the Federal Capital Territory (FCT) were won equally by the three leading candidates, twelve states each.

The ceremony was attended by some notable leaders from across the continent. Some of them are South Africa’s President, Cyril Ramaphosa, the new Prime Minister of Gabon, Billy By-Nze, President of the Republic of Cote D’Ivoire, Alassane Ouattara; Ghana President, Nana Akufo-Addo, and Rwanda President, Paul Kagame.

Tinubu garnered about 37 % of the total votes cast to become president. His experience includes being governor of Lagos State from 1999 to 2007, and a prior career in finance with top financial companies like Arthur Andersen, Deloitte and GTE Services Corporation. Nigerians will hope he will use his experience to transform the economy which critics believe performed below par under the outgone president, Muhammadu Buhari.

He is faced with the challenges of high foreign debt, unemployment, soaring inflation, unstable multiple exchange rate system, and insecurity, amongst other challenges.

Politics

Mozambique’s top court affirms governing party’s victory in recent election

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The highest court in Mozambique affirmed Monday that the incumbent Frelimo party won the October election, sparking widespread demonstrations from opposition parties who claim the vote was manipulated.

Fears of fresh bloodshed have been raised in the nation already shaken by weeks of fatal protests after Mozambique’s top electoral court mostly confirmed the results of the country’s contentious October elections, reinforcing the Frelimo party’s decades-long hold on power.

The final decision on the election process rests with the Constitutional Council. Mozambique, a nation of over 35 million people in Southern Africa that Frelimo has ruled since 1975, is expected to see more protests in response to its judgement.

Mozambique operates a framework of a semi-presidential representative democratic republic in a multi-party system. The president of Mozambique serves as both the head of state and the head of government.

The government exercises executive power. The administration and the Assembly of the Republic have the authority to enact laws.

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Alliance of Sahel States opposes ECOWAS disengagement schedule

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The Economic Community of West African States (ECOWAS) withdrawal timeline has been rejected by the Alliance of Sahel States (AES), which is made up of Mali, Burkina Faso, and Niger.

The AES claims that the ECOWAS is attempting to destabilise their newly formed organisation.

During a meeting last week in Abuja, Nigeria, the regional organisation announced a six-month withdrawal period to give the three nations time to change their minds after their official departure date at the end of January 2025.

However, this decision is “nothing more than yet another attempt by the French and its auxiliaries to continue planning and carrying out destabilising actions against the AES,” according to the heads of state of the AES.

“This unilateral decision is not binding on the ESA countries,” the statement continues. Before the conference, they stated that their choice to leave the organisation was “irreversible.”

According to the president of the Ecowas Commission, this will be a “transition period” that ends on “July 29, 2025” to “keep the doors of Ecowas open.”

The three nations accused the bloc of neglecting to assist them in resolving their domestic security challenges and of imposing “inhumane and irresponsible” sanctions related to the coup.

The three nations that were involved in the coup have mostly rejected ECOWAS’ attempts to undo their withdrawal. They are creating their alliance and have begun thinking about how to issue travel passports independently of ECOWAS.

It is anticipated that they will finish giving their one-year notice of departure in January.

Visa-free travel to other ECOWAS members is a significant perk of membership, and it is unclear how this would alter after the three nations exit the group.

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