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Reuters
Reuters
Business
By MacDonald Dzirutwe and Libby George

After inauguration fanfare, immense economic challenges await Nigeria's Tinubu

FILE PHOTO: An All Progressives Congress (APC) supporter carries a book with a picture of presidential candidate of the APC, Bola Tinubu who was declared the winner of Nigeria's 2023 presidential election, in Abuja, Nigeria, March 1, 2023. REUTERS/Esa Alexander/File Photo

Nigeria's incoming President Bola Tinubu will inherit anaemic economic growth, record debt and shrinking oil output, but before he can start fixing these pressing problems he will need to secure public support for painful decisions.

Life is tough for citizens of Africa's biggest economy, and a tangle of protectionist economic policies and foreign currency interventions have spooked investors.

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