The US presidential election is as tight as tight can be, and though there’s no ruling out the hope that a miracle could occur that would give President Trump the win, it is clear that Joe Biden, the Democrat candidate, will win the elections and become the new president of the US.
Without further ado let’s begin.
2) I really don’t know how Joe Biden plans to aid Africa like China is doing right now. China has contributed billions to the development of Africa (and Nigeria) with loans and grants, and it pales in comparison to what America has been giving. Joe has not been clear on his stance there.
3) Joe Biden’s policies on the economy might be described as a little bit socialistic in nature. In fact, an analysis (and I think they got it wrong) shows that his policies will increase the US national debt by at least $5.6 trillion, when it stands at $20 trillion at the moment. Joe will increases taxes in the US in order to generate income, but he also advocates massive federal spending because of the coronavirus pandemic, to aid SMEs. How would this affect Nigeria? Simple! I foresee a dollar collapse due to his policies (I don’t have the time to explain deeply), and it would affect the Nigerian economy in a negative way.
4) Joe plans to expand on his former boss, Barack Obama’s policies like Obamacare. Maybe that means he would also expand on Obama’s Africa policies too, like Power For Africa. Maybe he can rescue Power For Africa from the failure that it became.
I know that whatever happens in the United States will one way or another, affect every country in the world, so I couldn’t help wonder how a Biden presidency would affect Nigeria. Although Joe Biden has never been president before, he has held the Vice Presidential office during the tenure of former President Barack Obama. Maybe the policies of his former boss would give us a clue to what he would have in store for Africa in general, and Nigeria in particular.
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