Nigeria 2023: Tinubu, Atiku flex financial muscles as Peter Obi seeks funding

By Eniola Akinkuotu
Posted on Tuesday, 8 November 2022 13:08, updated on Wednesday, 23 November 2022 12:32

Nigeria's All Progressive Congress (APC) ruling party presidential candidate Bola Ahmed Tinubu attends an APC meeting to unveil the party Vice-Presidential flagbearer in Abuja on July 20, 2022.
Nigeria's All Progressive Congress (APC) ruling party presidential candidate Bola Ahmed Tinubu attends an APC meeting to unveil the party Vice-Presidential flagbearer in Abuja on July 20, 2022. (Photo by Kola Sulaimon / AFP)

It costs upwards of a billion dollars to successfully run a presidential election in Africa’s largest country even though Nigerian law says the spending limit is N5bn ($11.2m). With about 100 days to the poll, Lagos godfather Bola Tinubu and former Vice-President Atiku Abubakar are definitely not holding back their financial muscles. Will Peter Obi, an outsider, be able to catch up?

Moved by the flooding in several parts of the country that displaced about 1.4 million Nigerians and killed over 600 others, Labour Party candidate Peter Obi announced that he would be suspending his campaign to visit victims. He also called on all other presidential hopefuls to suspend their campaigns for humanitarian reasons.