President Bola Ahmed Tinubu has officially assumed office as Nigeria’s 16th president following his victory in the February 2023 presidential election. The former governor of Lagos State took the Oath of Office alongside his running mate, Kashim Shettima, administered by Chief Justice of Nigeria, Kayode Ariwoola, on May 29, 2023.
Tinubu emerged as the winner of the election, securing 8,794,726 votes, surpassing his closest rival, Atiku Abubakar of the Peoples Democratic Party, who received 6,984,520 votes. Peter Obi of the Labor Party secured the third position with 6,101,533 votes. However, the circumstances surrounding the election have fueled division among the Nigerian people, with ongoing legal challenges to the result.
The new president takes office at a challenging time, with the country grappling with severe economic difficulties. Nigeria is currently experiencing high inflation rates reminiscent of 2005, significant unemployment rates, and a shrinking oil industry output. These pressing issues demand immediate attention and effective policy measures to foster economic stability and growth.
President Tinubu, 71, campaigned on a platform of restoring optimism to the nation. In his inaugural speech, he acknowledged the existing challenges but expressed his readiness to work to the satisfaction of his citizens.
“We have corruption, insecurity, and many problems confronting us… but don’t pity me. I asked for the job. I campaigned for it. No excuses. I will live up to expectation, I promise you,” he said.