Issues in third party campaign finance

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The unprecedented is happening in Nigeria’s electoral process in the lead up to the 2023 general election. At no point in the country’s history was the political process so highly monetised.

It is a bizarre bazaar. The All Progressives Congress, which is the ruling party, is leading the pack. Jesse Unruh, speaker of the California Assembly from 1961 to 1968, is quoted to have said, “Money is the mother’s milk of politics… For better or worse, mostly worse, I think money is seen as the life force and energy behind politics and elections.”

The nomination form price list of the Peoples Democratic Party, which is the main opposition party and former ruling party, is as follows: House of Assembly, N600,000; House of Reps, N2.5 million; Senate, N3.5 million; Governorship, N21 million; Presidential, N40 million. It should be noted that this is a combination of Expression of Interest and Nomination Fee.

Social Democratic Party nomination form price list: State House, N500,000; House of Reps, N1.7 million; Senate, N3 million; Governorship, N16 million and Presidential, N35 million. On the contrary, the African Action Congress’ nomination form price list is free of charge. Only that the aspirant has to pay membership dues and small donations to the party if he so wishes.

 

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