Nigeria will lose more than N140bn over election postponement - NANTs reveals

Nigeria will lose more than N140bn over election postponement - NANTs reveals

- Ken Ukaoha, the president of the National Association of Nigerian Traders (NANTs), has revealed how much Nigeria will lose over poll postponement

- Ukaoha said Nigeria will lose over N140 billion as traders shut down business preparing for the shifted elections

- The president, however, urged traders not to be discourage but vote on Saturday, February 23

Ken Ukaoha, the president of the National Association of Nigerian Traders (NANTs), has said the country will lose more than N140 billion because of the postponement of the general elections.

He disclosed this while speaking with newsmen in Abuja on Saturday, February 16, saying the poll postponement would negatively affect the trading sector, Daily Trust reports.

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Ukoahi said the loss will happen as a result of the fact that many traders did not open their shop for business because of the election.

He said: “I am not talking of the manufacturing sector, transporters and the farmers; even workers were asked not to go to work.

“We need to be adequately prepared for elections.”

The president said the postponement would affect the economy as many people, especially political parties and governments, had spent so much in preparation for the election

He said that such money would have been better used for the pay of worker’s salaries and in the provision of basic social amenities.

The president of the traders association, however, concluded that despite all that had happened, traders should ensure to vote come Saturday, February 23.

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Meanwhile, Legit.ng had previously reported that the Independent National Electoral Commission (INEC) shifted the 2019 general election over logistics constraints.

The announcement was made in Abuja by the chairman of INEC, Professor Mahmood Yakubu, around 2.45 am on Saturday, February 16, after he had an emergency meeting with security officials, election observers and other stakeholders.

He said proceeding with the election as scheduled is no longer feasible and as result of this, the election was postponed by a week.

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Nigerians express total disappointment with INEC over election postponement | Legit TV

Source: Legit

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