Background:
Following nearly 16 years of military rule, a new constitution was
adopted in 1999, and a peaceful transition to civilian government
was completed. The president faces the daunting task of rebuilding a
petroleum-based economy, whose revenues have been squandered through
corruption and mismanagement, and institutionalizing democracy. In
addition, the OBASANJO administration must defuse longstanding
ethnic and religious tensions, if it is to build a sound foundation
for economic growth and political stability. Despite some
irregularities the April 2003 elections marked the first civilian
transfer of power in Nigeria's history.