Politics

National Assembly Proposes Upward Review of ₦10Bn As Amount For Presidential Candidate’s Election Spending

National Assembly on Wednesday proposed an upward review of ₦10Bn as the amount to be spent by candidates seeking elective public office.

The proposal and other deliberations are contained in the recommended amendments of the Electoral Act, which the committee is to submit before the Senate and House of Representatives for consideration and approval later this month.

According to the Chairman, Senate Committee on the INEC, Senator Kabiru Gaya, “Since the National Assembly legislate on the Federal Capital Territory, we amended the tenure of the local government chairmen within the FCT.

“We believe that if we leave a chairman to serve for three years, they cannot record any concrete achievement.

“They would be undergoing the learning process in their first year and start implementing their own projects in the second year, while they will be preparing for elections in the third year. This means that they have just one year to really work effectively.

“However, if we increase their tenure to four years, they will have two out of the four years to work. That is why we have proposed that the tenure for local government chairmen should be increased to four years.

“We are therefore appealing to all the governors to comply with the new provisions because we don’t have the powers over them. We can only appeal to them.”

He said, “We looked at the current situation and we have come to a conclusion that someone contesting election as president of Nigeria should spend more than N5bn.

“We have recommended N10bn for the Presidential candidate while the amount that could be spent by those contesting elections as governors and legislators have also been reviewed upward.

“On personal donations to presidential candidates, we have recommended that an individual could donate up to N10m for a candidate either for the presidential or governorship election because the current N1m benchmark is no longer realistic.” Senator Kabiru Gaya added.

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close