Nigeria Opposition Candidate Pledges $25 Billion Investment Fund

(Bloomberg) -- Nigeria’s main opposition leader, Atiku Abubakar, said he would create a $25 billion fund to support private sector investments in infrastructure if he wins a presidential election on Feb. 16.

Abubakar pledged to use some of the money for reforming the power sector, according to an emailed copy of a speech he made in Lagos, the commercial capital, on Wednesday. The 72-year-old businessman and former vice president also said he would increase the infrastructure stock to 50 percent of gross domestic product by 2025.

Nigeria Opposition Candidate Pledges $25 Billion Investment Fund

Abubakar is the main challenger to President Muhammadu Buhari, 76, who is seeking a second four-year term.

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