Abubakar, who faced corruption charges in 2007, will vie to succeed President Muhammadu Buhari, whose final term ends on May 29 2023
Inflation hit an eight-month high of 16.8% in April, well above the central bank’s 6% to 9% target bandNigeria’s main opposition Peoples Democratic Party chose former vice-president Atiku Abubakar as its candidate for February’s national election, an early step in a long campaign in the Opec member country.
“Today, we are making another history. The history, which we believe will bring about fundamental changes in governance and also in our political processes,” Abubakar said in an acceptance speech Saturday night. “I pledge to confront our economic challenges, which were all caused by the APC government.”
Nigeria’s ruling All Progressives Congress will hold presidential primaries June 6-8. At least 25 candidates, including Vice-President Yemi Osinbajo, are expected to vie to become the party’s candidate. Eighteen parties are registered to run in February’s national elections. Even with surging world oil prices, economic growth in Africa’s largest oil producer slowed for a third consecutive quarter the three months through March, to 3.1% against 3.
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