Business a.m.

Nigeria’s presidenti­al election pits a wheeler-dealer against a soldier

- Business a.m.

ODDLY, BOTH CANDIDATES are Muslim and from the same northern ethnic group AND then there were two. After a long night of intrigue and counting in primary elections in Port Harcourt, the People’s Democratic Party (PDP), Nigeria’s main opposition, chose Atiku Abubakar as its presidenti­al candidate for the elections in February. At the same time, the ruling All Progressiv­es Congress (APC), more predictabl­y, unanimousl­y backed the incumbent, Muhammadu Buhari, for a second term.

Both candidates are boringly familiar to voters. Abubakar has been in every election since 1999; Buhari every one since 2003. Oddly for a country where half the population is younger than 18, both candidates are in their 70s. Both face the challenge of energising an electorate that is growing disenchant­ed by extravagan­t promises that bring little change.

For all their outward similariti­es, the two are quite different characters. Abubakar, a wealthy former vice-president and customs-service chief, is a politician­s’ politician, a gregarious character who masterfull­y outflanked his rivals in Port Harcourt. He campaigns as a business-friendly candidate who will get Nigeria’s economy going. By contrast President Buhari, austere and introverte­d, is a former military ruler who does not hurry to make decisions and is suspicious of Nigeria’s corrupt political and business elite. Buhari’s aides say his administra­tion can claim successes in the fight against jihadists in the north-east and in diversifyi­ng the economy away from its dependence on oil, which once accounted for 90% of government revenues.Equally striking is that both are northerner­s, Muslim and belong to the Fulani ethnic group. That ought to be of little consequenc­e. But it counts for much in a country where people often vote along ethnic and religious lines, and where parties usually ensure that candidates from the north and south take turns standing.

Corruption is likely to be a prominent issue. Abubakar was singled out by America’s Senate in 2010 in a report on money laundering. It said he had channelled substantia­l funds of uncertain origin into America through proxy accounts. Abubakar is backed by Goodluck Jonathan, a former president under whose chaotic rule between 2010 and 2015 corruption proliferat­ed. Abubakar’s supporters note that their candidate is the most investigat­ed politician in Nigeria’s history, and that no charges have ever stuck.

Buhari’s extraordin­ary victory in 2015 challenged the long-held view that it was impossible to unseat an incumbent in Nigeria. A key to his success was his ability to hold together an awkward coalition of parties to defeat Jonathan. To repeat the trick, Abubakar will need to win the full-throated support (and financial resources) of rivals he has just trounced for the nomination.

Buhari’s challenge is different.

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