BusinessDay 06 Feb 2019

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Akinwunmi Ambode, governor, Lagos State, presenting the 2019 Budget to the State House of Assembly, at the Assembly Complex, Alausa, Ikeja, Lagos, yesterday.

NGUS JAN 29 2020 364.65

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Niger Delta oil reserves half-way through their lifespan …analysts stress need to increase deepwater exploration to replace reserves

Rising unemployment, poverty, insecurity A worry voters 10 days to elections W

ISAAC ANYAOGU

s at December 2017, a total of 187 blocks had been opened in the Niger Delta comprising 46 Oil Prospecting Continues on page 38

Inside

MICHEAL ANI

ith the 2019 presidential election barely 10 days away, reports from local and international research firms

tracked by BusinessDay indicate that rising unemployment, poverty and insecurity in Nigeria are a major concern for voters. Buhari, Nigeria’s incumbent president and candidate of the ruling All Progressives Congress (APC), is seeking re-election for

another term of four years in the presidential elections slated for February 16. His main challenger is the opposition candidate Atiku Abubakar of the People’s Democratic Party (PDP). Nigeria’s unemployment rate has soared since Buhari took

over in 2015, rising from 8.2 percent to 23.1 percent in the third quarter of 2018, according to the most recent data. Another 20 percent of the working-age population is un-

Continues on page 38

Buhari’s election vulnerability exposed as P. 2 disquiet over joblessness grows Apapa-Ijora Bridge to be open to traffic tomorrow P. 39 - Contractor


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