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USA 2020 : Biden’s victory will attract $700b to Nigeria, other emerging markets, say experts

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A win for former United States (U.S.) Vice President Democratic Party presidential candidate Joe Biden will attract $700 billion investments to Nigeria and other emerging markets, Renaissance Capital (RenCap) analysts have predicted.

RenCap Chief Economist Charles Robertson said a Biden victory will, in the long run, shift trillions of dollars to Nigeria and other emerging markets.

In a report to investors titled: “Biden’s victory, trillions into EM and lockdown” released on Thursday, Robertson explained that if that happens, many people will wonder why this election race was tight.

The expert at the global investment and research firm said he expects Biden to clinch victory this evening (London time) with Nevada due to give him six Electoral College votes after 5pm London time.

On the outlook for Nigeria and other emerging markets, he argued that U.S. President, Donald Trump’s possible defeat is good for emerging markets. He said global investors will start re-allocating cash to emerging markets in a big way.

He disclosed that already, Blackrock’s head of fixed income, who is responsible for $2.6 trillion of that firm’s $7.8 trillion in assets (Africa’s Gross Domestic Product is $2 trillion to put this into perspective), said they will invest more in merging market.

“The stock of Africa’s Eurobonds only topped $100 billion in 2018, and even if it is only Blackrock’s actively managed part of the business more like $2 trillion in all asset classes (perhaps $700 billion in fixed income), that starts to shift to Emerging Markets this could be very helpful.

“Our base case is that Foreign Direct Investment will stop being a net positive for the US due to Trump’s defeat, and portfolio flows will also go to EM, and together, these will drive the $ gradually weaker in coming years,” he said.

Robertson said this becomes a self-reinforcing cycle of emerging market forex appreciation giving good returns to dollar investors, which in turn attracts more money to emerging market and in turn pushes emerging market forex stronger

He predicted: “Georgia is also looking like another Democrat victory (Biden is 23,000 votes behind with two per cent of the vote, about 100,000, still to be done and they have been flowing his way).

“This gives Biden 270 electoral college votes with Nevada, which is what he needs to win and 286 if he does get Georgia. With Pennsylvania votes counted yesterday – and Democrats expecting a big win from remaining mail-in votes, Biden might well end up with 309 Electoral College votes to 229 for Trump (who is likely to win North Carolina).”

Robertson explained that if that happens, many people will wonder why this election race was tight.

He explained that talk of recounts in Wisconsin have been dismissed by a former Republican governor Scott Walker as having no chance of changing the results – previous recounts have changed voting tallies by a max 300 votes but Biden is 20,000 ahead.

Robertson said that even if challenges in any states get to Supreme Court, the suspicion was that Trump will find that his appointees do not owe him a personal favour to come down on this side.

“They will instead do what is institutionally correct. It would be surprising if there were so many successful challenges that Trump could keep the presidency. So, our base conclusion from May that Trump would lose because that’s what always happens to incumbents in a recession year, will come good,” he said.

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Update : Akwa Ibom Governor, Eno, Likens PDP to a Faulty Aircraft, Set to Declare Defection to APC

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A former lawmaker, Otuekong Sunny Jackson Udoh has advised Akwa Ibom State Governor, Pastor Umoh Eno to show wisdom and magnanimity after his triumph at the Supreme Court last Thursday.
Gov Umo Eno
Governor Umo Eno of Akwa Ibom State has sparked speculation over a potential political realignment after openly questioning the viability of the Peoples Democratic Party (PDP) as a platform for his political aspirations beyond 2027.

Speaking at a constituency outreach meeting on Tuesday in Ikot Akpankuk, Ukanafun Local Government Area, the governor likened the PDP to a faulty aircraft, suggesting he might consider boarding a “different plane” to reach his political destination—an analogy many interpret as a hint at defection to the All Progressives Congress (APC).

“If you wanted to travel with Ibom Airline, and on the verge of taking off, it developed a fault that won’t enable it to fly, won’t you board the next available plane to take you to your destination?” Eno asked, addressing a large crowd at the Town Square meeting for the Ukanafun/Oruk Anam federal constituency.

His remarks come amid growing concerns over internal disunity and instability within the PDP, exacerbated by recent defections, including that of Delta State Governor Sheriff Oborevwori to the APC.

Despite raising concerns about the PDP’s direction, Governor Eno called on his supporters to remain committed to the goals of his administration, emphasizing that service delivery remains his top priority.

As part of the engagement, the governor distributed empowerment packages to more than 400 constituents. The distribution included Traders and Farmers Grants, substantial MSME funding, and equipment support. Specifically, 154 traders received grants, 116 farmers were supported, four individuals received N5 million each for business development, and 131 benefitted from equipment support.

In his remarks, Governor Eno urged beneficiaries to utilize the funds responsibly and cautioned against investing in Ponzi schemes or other non-productive ventures.

“We need to meet with the people from time to time. Governance doesn’t end at elections,” he said. “We’re here to listen, to assess your needs, and to let you know what we’ve done and what we plan to do.”

Eno also revealed that the administration had so far covered four of the state’s 10 federal constituencies in this engagement drive and assured that all would be completed in time to incorporate their needs into the 2026 budget.

“We will review your requests and prioritize based on available resources. What we can’t do now will be considered in future budgets,” he added. “This government belongs to the people—it is for you, with you, and by you.”

Governor Eno has not formally declared any party switch, but his comments have intensified political discussions about the evolving dynamics within Akwa Ibom and the national opposition landscape.

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Breaking : Oborevwori , Okowa others dumps PDP, defects to APC

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Delta State Governor, Sheriff Oborevwori, the immediate past governor, Ifeanyi Okowa, and all members of the Peoples Democratic Party in Delta State have defected to the All Progressives Congress.

The announcement was made on Wednesday in Asaba, the Delta State capital, by Senator James Manager, shortly after a meeting that lasted over six hours at Government House, Asaba.

Manager stated, “All PDP members in the state, including the governor, former Governor Okowa, the Speaker, the state party chairman, all the local government chairmen and others, have agreed to move to the APC.

“We cannot continue to be in a sinking boat,” he said.

The Delta State Commissioner for Information, Mr Aniagwu Charles, officially confirmed the governor’s defection and the collective decision of Delta PDP leaders and stakeholders to join the APC.

Political observers have described the move as a major realignment that could reshape the political landscape of Delta State ahead of the 2027 general elections.

While Governor Oborevwori has yet to make a public statement on the defection, sources say further details on the rationale behind the move may emerge in the coming days.

Wike’s allies secure PDP control in Bayelsa, Edo
“There is a need for us to adjust our drinking patterns. And in adjusting that drinking pattern, we needed to make a decision that would further help to cement the development in our state, to build the court of law that has existed in our state, to further advance the cause of security and the welfare of our people, and, to a large extent, ensure that development in Delta is not truncated,” Aniagwu stated.

He continued, “In taking that decision, we concluded that leaving the PDP was very necessary for us to be able to collaborate and build a state that every Deltan will be proud of. We believe that what is happening, and the state of the PDP, is akin to that palm wine whose taste has changed — and there was a need for us to change the drinking party.”

Charles added that the decision was unanimously made by party leaders and stakeholders, hinting at a formal public declaration soon.

“By the grace of God, on Monday next week, we will be able to make a very big statement confirming that we are moving into the APC,” he said.

The move marks a significant turning point in Delta State politics, signalling a broader political recalibration that could reshape party dominance in the South-South region.

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Update : C’River PDP Deputy Governorship Candidate,Emana Resigns From Party

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The Peoples Democratic Party (PDP) Deputy Governorship Candidate in 2023 general election, in Cross River State, Dr Emana Duke Ambroose-Amawhe, has resigned her membership from the party.

In a letter dated
march 28,2025, and addressed to the chairman of Edem Odo Ward, in Akpabuyo local government area of Cross River State, the former Deputy Governorship Candidate,explained that the resignation was with immediate effect.

She said her decision to leave the party was not made lightly, but she remains committed to serving her community and contributing to the progress of Cross River state and nation in other capacities.

In her words, “i am writing to formally resign my membership from the Peoples Democratic Party (PDP) with immediate effect.

” I sincerely appreciate the opportunity given to me over time to contribute my quota to the growth of the party and the chance to serve as the Deputy Governorship Candidate in the last general elections.

” It was a privilege to be part of the PDP’s vision and engage with our people in meaningful ways. However, after much reflection in light of the current state of affairs within the party, I believe it is time for me to move on.

“This decision was not made lightly, but I remain committed to serving my community and contributing to the progress of our state and nation in other capacities.

Continuing ” I appreciate the relationships and experiences gained during my time with the party and wish the PDP success in its future endeavours.

Amawhe, an embodiment of competence, capability and capacity,
was the Deputy Governorship Candidate to Senator Sandy Onor in Cross River State during the 2023 elections.

She was also an aspirant to the House of Representatives for the Bakassi/Akpabuyo/Calabar South Federal Constituency on the platform of the PDP.

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