Nigeria’s Abubakar promises to boost oil investment, cut subsidies if elected
People’s Democratic Party candidate, a former former vice-president, releases manifesto for 2019 presidential election and says he plans to privatise state -owned crude refineries
Nigeria’s main opposition candidate, Atiku Abubakar, said on Monday he would boost oil sector investment, cut costly fuel subsidies and double the size of the economy by 2025 if he wins 2019’s presidential election. The businessman and former vice-president portrayed himself as a champion of the private sector when he released his manifesto and set out his plans to stop incumbent President Muhammadu Buhari securing a second term in February. There are few reliable opinion polls in Nigeria, Africa’s largest oil producer. But Abubakar is seen as a substantial challenger to Buhari, a former military leader who has suffered a run of defections, overseen a stumbling economy and struggled to contain militant violence in the northeast. The opposition People’s Democratic Party (PDP) candidate is, like Buhari, a northerner, but analysts say his business background, in port logistics among other ventures, has won him supporters among the southern business elite. “I will be proactive in attrac...
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