Oil traders will have one less thing to worry about if Nigerian president Goodluck Jonathan is confirmed on Monday as the clear winner of Saturday’s election.
While there will be claims of fraud, and there is often the risk of violence in a Nigerian election, the betting is that Jonathan can consolidate his victory and the country can now avoid prolonged political uncertainty.
As Bloomberg reported , the Independent National Electoral Commission said that with results for all 36 states released, Jonathan scored 22.5 million votes and won in 21 states, compared with 12.2 million for his closest rival, former military ruler Muhammadu Buhari, who won 12 states. Jonathan also met the constitutional hurdle of winning a quarter of the votes in two-thirds of the states for an outright victory.


