The Fitch Solutions Country Risk & Industry Research, a subsidiary of global rating organization, Fitch Ratings, has predicted the victory of the All Progressives Congress (APC) presidential candidate, Bola Ahmed Tinubu, in the 2023 election, IgbereTV reports
In its report released on Saturday, the agency however expressed fear that Nigeria might experience political unrest following the APC candidate’s success in the election with supporters of the Peoples Democratic Party (PDP) flag bearer, Atiku Abubakar , his Labour Party counterpart, Peter Obi, and others taking to the streets to protest the outcome of the election.
It also downplayed recent predictions of Obi’s victory by Bloomberg and a Non-Governmental Organisation associated with the former Chairman of Stanbic IBTC, Atedo Peterside.
The company also urged Nigerians not to expect significant policy change in the Tinubu presidency, especially on fuel subsidy.
The report read: Indeed, we maintain our view that the ruling party’s Bola Ahmed Tinubu is the candidate most likely to win the presidential election as a split opposition vote will favour the All Progressives Congress. 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.
“At Fitch Solutions, we believe that recent polls are significantly overstating support for Peter Obi, the Labour Party candidate running in Nigeria’s February 2023 presidential election. Surveys showing that Obi is ahead of his opponents Bola Tinubu (All Progressives Congress) and Atiku Abubakar (Peoples Democratic Party) were mostly based on responses gathered online.
