Politics

APC, PDP Made ₦10bn From Sales Of Nomination Forms In 2 Years – Report

Published

3 years ago

Dec 12, 2021.

…the ruling APC generated over ₦7bn before the 2019 general elections.

EKO HOT BLOG reports that a recent analysis has shown that over ₦10 billion was raked in by the two leading political parties in the country, All Progressives Congress (APC) and Peoples Democratic Party (PDP), from the sales of forms to aspirants.

Aside subscriptions by party chieftains, sales of nomination and expression of interest forms are the main sources of revenue for the country’s political parties.

The parties are mandated to disclose what they realise from the sales to the Independent National Electoral Commission (INEC) when they submit their annual reports.

According to Daily Trust, checks showed that the ruling APC generated over ₦7bn before the 2019 general elections.

It was also found that the party’s internal revenue went up in 2019, sequel to the surge in the number of governorship, senatorial, House of Representatives and other aspirants who sought elective positions through it.

Public records and top party sources at the APC national secretariat in Abuja confirmed that the party generated over ₦7bn in 2019 alone.

Like the ruling party, the leading opposition PDP generated money running into billions of naira before and after the 2019 general elections from the sales of nomination and expression of interest forms.

The PDP charged ₦12m for each presidential aspirant (₦2m for expression of interest and ₦10m for nomination forms). It also charged ₦6m for the governorship (₦1m for expression of interest and ₦5m for nomination forms).

While it fixed ₦4m for senate (₦500,000 for expression of interest and ₦3.5m for nomination forms), it was ₦1.5m for House of Representatives (₦500,000 for expression of interest and ₦1m for nomination forms).

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