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Nigeria’s Top Presidential Candidates Pledge Growth
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Nigeria’s Top Presidential Candidates Pledge Growth

By Semafor·Edited by Editor TO·

Nigeria’s leading presidential candidates have made economic growth and security central to their campaigns as the country heads toward another closely watched election. In a rematch of the 2023 race, President Bola Tinubu is contesting against former Vice President Atiku Abubakar and former Anambra State Governor Peter Obi. Atiku has pledged to restore fuel subsidies, a policy that would reverse one of Tinubu’s most consequential economic decisions. Obi, meanwhile, has made insecurity a major campaign issue, particularly the kidnappings for ransom that continue to threaten communities and economic activity. Despite the unpopularity of these measures, Tinubu has defended his administration’s removal of the fuel subsidy, tax reforms, and market-driven exchange-rate system, arguing that the measures prevented even greater economic damage. The subsidy removal has particularly affected Nigerian households, with fuel costs rising about 40% since the outbreak of the US-Iran war.