Bola Ahmed Tinubu, the newly elected President will face significant economic challenges. The former Lagos governor will take over an economy beset by slow growth, rising inflation, and the effects of a chronic cash shortage and rising debt burden. The incoming government, which takes office on May 29, 2023, will face the difficult task of tackling these difficulties and putting the country on a course of sustained economic progress. To accomplish this, the government will need to take a multifaceted approach that addresses some of the underlying reasons for the country’s economic problems.
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