Understanding new campaign finance law in Nigeria
THERE is no gainsaying that election is a money-guzzler. The popular lingo by Nigeria’s ace hip-hop artiste, Davido, that “if you don’t have money, hide, your face” depicts the situation in Nigeria’s political climate. To say the least, it is capital intensive. Just last week, the Peoples Democratic Party on Wednesday, March 16, 2022, announced the cost of the Expression of Interest and Nomination Forms as follows: “State House of Assembly – Expression of Interest – N100,000; Nomination Form – N500,000; House of Representatives – Expression of Interest – N500,000; Nomination Form N2m; Senate – Expression of Interest – N500,000; Nomination Form N3m; Governorship – Expression of Interest – N1m; Nomination Form – N20m; President – Expression of Interest – N5m; Nomination Form – N35m.” PDP National Publicity Secretary, Debo Ologunagba, announced the development after the joint meeting of the Board of Trustees and the National Executive Committee of the party. The PDP spokesp...