Loading...
Loading...
Nigeria's political landscape is dominated by early 2027 election maneuvering between Tinubu's APC and opposition figures like Kwankwaso and Makinde, while the economy shows mixed signals of major corporate deals and persistent infrastructure and energy challenges. Security remains critically strained with a significant US military deployment and ongoing jihadist attacks, fueling domestic political divisions.
February 2026
Week of Feb 9, compared to 12-week average
neutral with mixed signals
The economy is marked by major corporate consolidation and persistent state inefficiency. MTN's $6.2 billion takeover of IHS Towers signals large-scale investment, while the NNPC GCEO publicly admits the state oil company lacks the capacity to operate refineries profitably. Infrastructure remains a focus with Lagos road repairs and a major expressway closure, alongside new crude oil exports and a continued ban on raw shea nut exports.
Politics is consumed by early positioning for the 2027 elections, with opposition realignment and internal APC management taking center stage. A closed-door meeting between PDP's Makinde and NNPP's Kwankwaso suggests potential coalition-building, while Tinubu personally intervened in a power tussle between the SGF and Alia. The APC is managing its internal processes, extending deadlines for congress forms, and celebrating recent electoral victories.
Security is in a state of heightened crisis with a direct foreign military intervention and relentless militant violence. The US deployed a military contingent to Nigeria, a move that split lawmakers, while jihadist groups conducted a massacre in Kwara state following a deceptive letter. Deadly attacks on villages and a major kidnapping incident underscore the pervasive threat, despite army operations killing an ISWAP commander.
Society is gripped by acute frustration over failing public services, with electricity blackouts sparking direct protest. Lagos residents protested an eight-month blackout, accusing the power distributor IKEDC of insincerity. This core tension over state capacity is reflected in other issues, including a deadly mine accident, a US congressional report on alleged genocide, and local crackdowns on illegal chieftaincy titles and motorcycles.