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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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Breaking : GOV. UMO ENO OFFICIALLY MOVES TO APC

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WE Are not joining the APC from the position of weakness, But Strength , Says Eno

our government has always been an inclusive government, that will never change – Eno

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2027 Election : AIRLIN Expands To Jigawa, Targets 7m Voters In The Next Election, Says Lami Tanko

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As part of its mission to rekindle hope in Nigeria’s democratic process and combat voter apathy, the Advocacy for Integrity and Rule of Law Initiative in Nigeria (AIRLIN) has inaugurated its 16th office in Jigawa State, continuing its expansion across the 19 northern states of Nigeria.

The national chairman of AIRLIN, Mallam Muhammed Gamawa, who presided over the inauguration ceremony on May 24, 2025, also unveiled the local government, zonal, and state coordinators for Jigawa.

“With this new office, AIRLIN is aiming to mobilize and educate 7 million voters across northern Nigeria ahead of the next general elections,” he said.

AIRLIN, a non-governmental organization committed to promoting transparency, accountability, and civic responsibility, is directing its efforts toward communities where voter disengagement is prevalent.

“The goal is to empower citizens especially at the grassroots level with civic education and renewed confidence in democratic governance,” Mallam Gamawa added.

Speaking during an interview, the newly appointed Jigawa State Coordinator, Mallam Musa Muhammad Hadeija, said the inauguration is both empowering and enlightening.

“This inauguration means a lot,” he said. “It has empowered me to establish a strong outreach in the communities sensitizing them, mobilizing them, and effectively putting in place the key objectives of the Advocacy for Integrity and Rule of Law Initiative.”

He also emphasized the importance of collaboration and local assessment. “I’m now able to meet with my local government coordinators, and we’ve clearly seen the nitty-gritty of what needs to be done. The interaction during the Q&A session was very beneficial—I’ve learned a lot, and that will give me a better chance to serve.”

When asked how ordinary Nigerians can help uphold the rule of law, particularly those in remote communities, Mallam Hadeija said:

“That is possible through empowerment, skills development, civic education, and consistent sensitization. People need to understand their roles as citizens, and we must build strong partnerships with stakeholders at local, state, and national levels. That’s how we’ll create a solid foundation for real impact.”

Addressing the public’s disillusionment with democracy, especially when elected leaders fail to deliver, he called on citizens to remain committed and united.

“Citizens need to understand that their individual involvement in AIRLIN’s assignment is key. Changing the narrative is possible. We can make AIRLIN a game changer if we are all dedicated, united, and fully aware of the task ahead executing it with purpose and at the right time.”

With Jigawa joining the growing list of AIRLIN offices, the organization is strengthening its national presence and doubling down on its mission to foster democratic integrity and active citizen participation.

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Defect or resign, Gov Eno, Tells Appointees And openly confirmed his decision to leave the People’s Democratic Party (PDP) for the APC

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Akwa Ibom State Governor, Pastor Umo Eno, has directed all commissioners and political appointees in his cabinet to either defect with him to the All Progressives Congress (APC) or resign from their positions.

The directive was reportedly issued during an ongoing State Executive Council (EXCO) meeting on Thursday, where the Governor openly confirmed his decision to leave the People’s Democratic Party (PDP) for the APC.

Sources present at the meeting disclosed that Governor Eno made it clear that his defection should come as no surprise to any of his appointees, stating:

“Anybody who claims he is not aware of my intention to leave the PDP is still living in the 18th century.”

He explained that his decision to align with the APC was driven by his admiration for the leadership style of President Bola Ahmed Tinubu, adding that he wants to work more closely with the federal government.

The Governor issued a stern warning to his appointees, saying he has “nothing to negotiate” with anyone unwilling to follow his political direction.

“Apart from elected officials like House of Assembly members and Local Government Chairmen, I have nothing to negotiate with you,” Eno declared.

“Let me tell you, anybody who believes that when I leave the PDP he will use the party structure to fight me is lying, because I will still control the PDP structure.”

As of the time of filing this report, the State Executive Council meeting was still in session, with further developments expected in the coming hours.

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