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Key Takeaways: Cost of Politics
1
In 2015, leading political parties charged between N2.2 and 2.4 million (US$5,800-6,300) to candidates looking to obtain a nomination and expression of interest forms to run for the House of Representatives.
2
Political godfathers are instrumental to the emergence of virtually every successful candidate in whichever state they control.
3
Party primaries and conventions are fraught with fraudulent practices that tilt the outcome in favour of pre-determined candidates.
4
Most interviewees believed candidates aspiring to be a federal MP would have to expend as much as N200 million (US$526,000) on election campaigning; five times more than the legal limit.
US$526,000
5
A study of the 2015 presidential elections indicates that huge amounts of money, far beyond total legal limits, was spent by the APC and PDP candidates on media campaigning alone (three times and eight times the legal limit respectively).
6
For a candidate, the bigger the crowds at rallies, the more the public is impressed and the more seriously his candidature is perceived. Attractive amounts are budgeted for the crowds to be rented, ranging from N3,000 to 8,000 (US$8-18) per head.
US$8-18
7
In 2015, the total traceable amount expended by the People’s Democratic Party (PDP) increased to almost N9 billion: 777.4% of the N1 billion total election limit for presidential candidates. The All Progressives Congress (APC) expended almost N3 billion in the same year.
777.4%