Electoral Bill: INEC, CSOs, Jega express concern over proposed increased campaign funding

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In the Electoral Bill passed by the National Assembly, a presidential candidate can now spend N5 billion while governoship candidates can now spend N1 billion to campaign.

, Civil Society Organisations and other stakeholders have expressed concern over the increase in campaign spending ceiling, proposed in the Electoral Act Amendment Bill ahead of the 2023 general elections.

Furthermore, a House of Representatives candidate will henceforth spend N70 million instead of N30 million in their respective election spending. “Every candidate must be made to declare his bank asset because that is where they draw out their money so we will make them to present their statements of account right from the onset.

“So they have decided to leave it to the money bags, those who have enough money to manipulate the system for campaign and so on. “So if this bill is passed, there is going to be a contradiction in relation to what is the definition of campaign ceiling and to whom does it apply. He further explained that the campaign ceiling is outrageous but if it scaled through the law, Nigeria could copy the Indian model of checking financial excesses by INEC looking for ways of ensuring accountability.

Bayo Olukoshi, Chairman, The Electoral Forum, said that Electoral finance is a question of money politics, one which has exercised the minds of scholars and policy makers not just in this country but around the world.

 

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