Bola Tinubu is chosen as Nigeria’s president during a cash shortage.
President Muhammadu Buhari, whose administration issued the eNaira and prohibited banks from working with cryptocurrency companies, will be succeeded by Tinubu.
Nigeria’s contested presidential election has been won by Bola Tinubu as the nation struggles with severe cash shortages and rising inflation left behind by outgoing President Muhammadu Buhari.
During Buhari’s administration, there were widespread anti-police brutality riots, growing inflation, and most recently, demonstrations over cash shortages brought on by problems with a plan to exchange old banknotes for new ones. Buhari could only run for a maximum of two terms before being disqualified.
The election on Saturday that elected Tinubu, a member of the same political party as Buhari, as the country’s leader has been contested by opposition parties.
Source: Coin Desk