Atiku Abubakar Reveals Origins of Personal Wealth and Commits to Final Presidential Run in 2027

Atiku Abubakar explains his wealth from oil and agriculture, confirms 2027 as his final presidential attempt, and discusses supporting a consensus candidate.

By: AXL Media

Published: Apr 16, 2026, 10:31 AM EDT

Source: Information for this report was sourced from Legit.ng

Clarifying the Sources of Private Fortune

During a recent interview on Arise TV, Atiku Abubakar provided a detailed breakdown of his financial background to counter public speculation. The former Vice President emphasized that he was an established businessman long before entering the political arena. He specifically cited oil and gas logistics as a primary driver of his early success, alongside significant investments in Nigeria’s agricultural sector. According to Atiku, these diverse economic interests provided the financial independence necessary to help establish and fund the People’s Democratic Party (PDP) during its formative years.

The "Last Outing": A Final Bid for the Presidency

Atiku confirmed that the upcoming 2027 presidential election will mark his final bid for the nation's top office, describing it as his "last outing." Despite his age and ongoing debates regarding the North-South power rotation, he argued that his decades of experience offer a unique blend of continuity and renewal for the country. This stance has drawn criticism from the current administration, which has urged him to step aside in favor of the established principle of power rotation to the South.

Coalition Building and Consensus Candidates

A significant portion of Atiku’s current strategy involves the formation of a broad political coalition, notably involving the African Democratic Congress (ADC). He expressed a willingness to set aside personal ambition if the coalition produces a strong consensus candidate, explicitly mentioning former Anambra State Governor Peter Obi as a potential figure he would support. This move signals a shift toward a unified opposition front aimed at the 2027 polls.