More Nigeria presidential election results trickle in

The national collation center in Abuja, the Federal Capital Territory, has been abuzz with the announcement of more presidential election results from states like Osun, Kwara, and Ondo. Michael Famoroti, the Head of Intelligence and Co-Founder of Stears, shared insights on the ongoing electoral process in an interview with CNBC Africa. Famoroti highlighted the significant shift in citizen engagement compared to the previous election cycle. He commended the increased participation of voters and their vested interest in the electoral process. However, he also pointed out logistical challenges and shortcomings in the electronic transmission of results by the Independent National Electoral Commission (INEC). Famoroti emphasized the importance of learning from these issues for future elections, particularly the upcoming gubernatorial race. With the spotlight on the potential winners, Famoroti noted the difficulty in predicting outcomes due to the uneven spread of results across different regions. Nevertheless, he highlighted trends favoring specific candidates in various states, such as Peter Obi’s success in Lagos and APC’s victories in certain areas. The emergence of additional parties like the NNPP and the Labour Party as significant players in the election underscored a shift towards a multi-party system in Nigeria. While established parties still dominate the political landscape, the success of these newer parties in securing legislative seats signals a growing demand for alternative political options among voters. Famoroti emphasized the economic implications of this political evolution, noting that the rise of third parties sends a clear message to traditional parties to adapt to changing voter preferences. He highlighted the importance of personality, campaigning, and competence in attracting voter support, regardless of party affiliation. Looking ahead, Famoroti acknowledged the early stage of the election results and emphasized the importance of observing trends in gubernatorial races to assess the long-term impact on Nigerian politics. The prospect of new entrants in the political arena challenging the existing duopoly could usher in a more diversified and competitive political landscape in the country. As the presidential election results continue to unfold, the evolution of Nigeria's political landscape promises a future characterized by increased competition and diverse representation in government.