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On a financial edge
Manage episode 449162998 series 3573445
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We begin in Southern Africa, where Botswana is undergoing a historic political shift. After 58 years of Botswana Democratic Party (BDP) rule, the country has elected opposition candidate Duma Boko of the Umbrella for Democratic Change (UDC) as its new president. What are the implications of his victory for Botswana's future? What are the broader political impact of the UDC's parliamentary win?
In Nigeria, 32 out of Nigeria's 36 states rely on federal allocations for over 55% of their revenue, with Lagos and Rivers being exceptions. We explore the impact of this dependence on state economies, how other states can increase internal revenue, and the challenges President Tinubu may face in passing the tax reforms bill amid opposition from the Northern States Governors Forum.
Finally, we discuss the 60% drop in foreign travel in Nigeria, with passenger numbers at key airports in Lagos and Abuja falling sharply due to the high cost of foreign currencies, especially the US dollar. This has made international travel increasingly expensive for Nigerians. We explore the potential impacts on Nigeria's aviation industry, how Nigerians might adapt, and what the government can do to address the currency challenges.
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