Africa's top oil producer and densely populated nation- Nigeria has facing stern need of political power for peace and economic growth of the nation. The country is without President for almost two month as its President Umaru Yar'Adua is under treatment in Saudi Arabia.

Vice President Goodluck Jonathan is not empowered to handle the situation as the ailing President did not authorize him for fully exercising powers in his absence. The peace process started by Yar'Adua in the Niger delta has been derailed which can prove disadvantageous for the companies such as Royal Dutch Shell Plc and Exxon Mobil Corp engaged in oil fields.

Rotimi Akeredolu, President of the Nigerian Bar Association, added, "Our concern is that we're slipping into a constitutional crisis. It's dangerous because of our past experience of coups."

Nigeria gained independence from Britain in 1960. The country has seen Army Officers grabbing power six times since its independence and possibility of yet another civil war cannot be ruled out in the prevailing scenario.

Moreover, delayed decisions, political uncertainty and violence in parts of the Africa's second-biggest economy may prove fatal for the country to attract investors, claimed Bismarck Rewane, Chief Executive of Financial Derivatives Co. Ltd., a Lagos-based investment advisory company.