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Commentary Former Nigerian VP Abubakar announces election bid Digg This Tweet This Share on LinkedIn Share on Facebook Factbox FACTBOX-Key political risks to watch in Nigeria Mon, Aug 2 2010 Related News UPDATE 3-Nigeria disburses $4.7 bln to govt, plans wealth fund Fri, Aug 13 2010 Nigeria ruling party says Jonathan can make poll bid Thu, Aug 12 2010 UPDATE 1-Nigeria buys presidential jets, borrows to fund polls Wed, Aug 11 2010 Nigerian president orders three new jets Wed, Aug 11 2010 Related Topics World » By Camillus Eboh and Felix Onuah ABUJA | Sun Aug 15, 2010 2:10pm EDT ABUJA (Reuters) - Former Nigerian vice president Atiku Abubakar on Sunday formally declared his intention to run in elections due next January, posing a challenge to President Goodluck Jonathan for the ruling party ticket. Abubakar, a Muslim from the northern Hausa ethnic group, ran unsuccessfully for president as the opposition Action Congress candidate in 2007, polls which were won by fellow northerner, late President Umaru Yar'Adua. An unwritten agreement in the ruling People's Democratic Party (PDP) states that power should rotate between the Muslim north and Christian south every two terms, meaning the next president should be a northerner if the principle is maintained. Jonathan, a Christian from the southern Niger Delta, has not yet said whether or not he plans to stand, but a bid would be controversial and he would need the support of northerners within the PDP to be guaranteed victory in the polls. Abubakar's declaration does not help his chances and increases the risk of division within the ruling party. "This is not the time for a novice. This is not the time for ill-prepared leaders. This is not the time for risky experiments," Abubakar said as he announced his bid, an apparent reference to concerns about ending the PDP "zoning agreement." "It is time for an experienced, committed and visionary leader to rescue our country from imminent collapse. I am that leader," he said. Former military ruler Ibrahim Babangida, known by his initials IBB, has also said he will seek the PDP's nomination for the elections, raising the prospect of a fierce contest at the primaries. HEDGING BETS Although Jonathan's administration has made a raft of policy announcements in recent weeks which analysts say look more like campaign pledges, sources close to Jonathan say he is concerned about the implications of abandoning zoning. The PDP has hedged its bets on whether it would fully endorse a Jonathan bid in primaries expected in September. Jonathan, whose administration has made promises in the past few weeks on issues from improving electricity supply to building new roads, inherited the presidency when Yar'Adua died earlier this year part way through his first term. The party said last week that Jonathan had the right to contest because he had come to power with northern President Yar'Adua in 2007 on a joint ticket and that he could legitimately seek to complete that term. But it stopped short of giving him its full endorsement and said it upheld the principle of zoning. Abubakar laid out five key priorities: creating jobs, improving power supply and infrastructure, fighting corruption and boosting security, education and health, and development in the restive Niger Delta oil region. "Together we shall clean up and restore the environment of the Niger Delta, speed up the development of the area," he said. "Oil and gas prospecting does not have to be a death sentence for those who are fortunate to sit on vast amounts of energy resources." Jonathan has support from state governors -- who form a powerful caucus in the PDP -- in the south and the central Middle Belt, where the backbone of the army are from. But northern Muslim governors have acknowledged his right to stand while stopping short of endorsing him. (Writing by Nick Tattersall; editing by Ralph Boulton) World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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