Fitch Ratings says election of a Muslim as president in Nigeria will lead to a Christian uprising.
The New York based Fitch Ratings the multi billion dollar agency that presents credit risk and strategy decisions with reliable data, insightful research, and powerful analytics across global markets and macroeconomic environments to clients worldwide has said in a report, Friday, that the election of a Muslim will destabilise Nigeria.
The report issued on October 26 specifically named Alhaji Bola Tinubu the ruling All Progressives Congress(APC) presidential candidate as the major risk to Nigeria’s stability.The ratings agency tipped Mr Tinubu as most likely to win, though its surveys showed “significantly overstating support for Peter Obi, the Labour Party candidate.”
“Protests and social discontent are likely to ramp up in the aftermath of a Tinubu win since this would end the recent trend of the presidency alternating between Muslims and Christians,” the company said. “A win for Tinubu would break with this unwritten tradition and likely fuel sentiment of perceived marginalisation among Christians.” Obi, the opposition presidential flag bearer is a Christian.
In July, Tinubu and running-mate also a Muslim Alhaji Kashim Shettima faced backlash from the Christian community after the Catholic Church said it did not send any representation to the public presentation of Kashim Shettima as the vice presidential candidate of the APC.
Nigeria’s State Security Service (SSS) also notified President Muhammadu Buhari that Tinubu’s decision to nominate a fellow Muslim as vice-presidential candidate for the 2023 presidential election would possibly renew sectarian crises that could destabilise the nation.
In the report, Fitch alludes to Tinubu’s possible success with the Muslim-Muslim ticket being fronted by the APC. The partnership with Tinubu and running-mate Shettima will see the political party “repeat its strong performance in the North.” Counting on the Muslim vote in the north to get to Aso-Rock.
Fitch also alludes to Mr Tinubu’s time as a former governor of Lagos and his being a beneficiary of incumbency advantages, as theAPC has held onto power since 2015.
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