Nigeria’s APC to Maintain Many Ruling Party Policies If Elected

Nigeria’s main opposition party, the All Progressives Congress, said it will maintain many of the economic policies of the ruling People’s Democratic Party if elected when the country goes to the polls next month.

“We won’t go and undo anything unless it becomes necessary to do so; for instance where there is fraud,” Lai Mohammed, a spokesman for the APC, said in an interview yesterday in Lagos, the commercial capital. “We are fairly satisfied with the unbundling of” the state-owned power utilities, he said.

Nigeria dismantled its power monopoly and sold the hydro-and gas-powered plants it ran in 2013 to try to bring in investment needed to expand electricity supply in a country that suffers from daily blackouts. The APC will look to improve generation by encouraging companies to go into joint ventures with foreign firms, Mohammed said.

President Goodluck Jonathan’s PDP faces what may be its stiffest challenge since it came to power at the end of army rule in 1999. Jonathan is running against former military dictator Muhammadu Buhari, the candidate of the All Progressives Congress, formed after three of the biggest opposition parties and some smaller ones merged.

Buhari yesterday said he will seek to regulate the state-owned oil company and bring transparency to the industry of Africa’s biggest crude producer.

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