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Most Popular Candidate in Race to Become Nigerian President Plans Budget Revamp

  • Peter Obi said he will restructure debt, cut fuel subsidies
  • Candidate is campaigning to end grip of the two main parties

A third-party presidential candidate trying to capitalize on widespread discontent in Nigeria said he’ll scrap multibillion-dollar fuel subsidies and restructure debt to free up funds to tackle insecurity and boost investment if he wins the election next year.

Peter Obi -- a former state governor and banker -- has emerged as the politician with the best chance of upending the two-party status quo that has ruled Africa’s most-populous country for more than 20 years. His bid to replace President Muhammadu Buhari has swiftly gained a following that hopes to grow its momentum in the run-up to the vote in February.