Nigeria’s President Muhammadu Buhari could lose power in February’s election if the opposition manages to unite, according to New York-based analysis firm Teneo Intelligence.
The global firm Monday said that the ruling APC party was battling serious vulnerabilities months to the presidential elections.
A close governorship election over the weekend in the southwestern state of Osun, currently held by Buhari’s All Progressives Congress, bodes badly for the ruling party and signals its waning popularity, Teneo said in a note to clients.
“There is already a clear message sent from Osun State: provided the PDP remains united, and the vote is reasonably free and fair, Buhari and his APC are likely to lose the general elections,” said Malte Liewerscheidt, an analyst at Teneo.
Teneo is a global advisory firm that works exclusively with the CEOs and leaders of the world’s largest and leading companies, providing strategic counsel across their full range of key objectives and issues.
Teneo is a global political risk advisory service providing timely, market-relevant and forward-looking counsel to help business leaders understand political events and their implications for corporations and financial markets – from a company’s local footprint to its global supply chains.
The firm identify political drivers that move markets and forecast outcomes and scenarios. In this way, Teneo Intelligence helps clients to incorporate political futures into their business and investment strategies.