INEC Boss, Mahmood Yakubu, Blows Hot Over Nigeria’s Election Campaign Spending Limit

September 30, 2022
INEC Bans Phones At Ogun Polling Units

The chairman of the Independence National Electoral Commission (INEC), Mahmood Yakubu, has warned that political candidates who fail to adhere to the campaign spending limit will be sanctioned.

Yakubu advised the candidates to study and familiarise themselves with the electoral legal framework because INEC will closely monitor compliance, as the 150 days election campaign period commenced on Wednesday. 

Join our WhatsApp Channel

His warning comes as the country prepares for its general election which will be holding in 2023. This comprises of one Presidential election, 28 Governorship elections, 109 Senatorial election, 360 Federal constituencies, and 993 State Assembly constituencies elections. 

How much each political candidate is allowed to spend

The candidates vying for these political seats have been issued their spending limit during the campaign period. The Presidential candidates are expected to spend no more than N5 billion. 

Governorship aspirants have been handed N1 billion, Senatorial and House of Representatives candidates are not to exceed N100 million and N70 million respectively. 

Candidates in the State Assembly election are limited to N30 million, while those vying for chairmanship election to an Area Council were restricted to N30 million as well. 

According to Yakuba, the political candidates must ensure they spend within the limit, “the Commission will also closely monitor compliance with the limits on campaign spending under the Electoral Act. 

“There are sanctions provided by law. Political parties and candidates should study and familiarise themselves with the electoral legal framework to avoid any infraction of the law and the unhappy consequences that will follow any act of misdemeanor.” the INEC boss said.

+ posts

Featured Stories

Latest from Business

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Naira Weakens Against Dollar In Official, Black Markets

Traders in the black market paid N1,444.88 kobo for a dollar on Thursday, February 12, compared to the N1,441 per $1 reported on Wednesday, February 11. The value of the United States dollar (USD) increased by N3.88 kobo, while that of the
Over N28.43bn Shares Traded On NGX, Access Holdings Leads Trades

Over N28.43bn Shares Traded On NGX, Access Holdings Leads Trades

The Nigerian Exchange (NGX) closed with N114.66 trillion market capitalisation on Thursday, February 12, from the N114.37 trillion reported on Wednesday, February 11. According to the NGX data, the market valuation of the Nigerian bourse increased by N283.24 billion, as the all-share
Cost Of Borrowing Pulling Down Geregu's Profit

Cost Of Borrowing Pulling Down Geregu’s Profit

Despite a double-digit growth in Geregu Power’s top line, the company’s bottom line declined amid rising interest payments on its borrowings. Prime Business Africa gathered that Geregu’s revenue grew by 34.86 percent to N184.93 billion in 2025, rising from the N137.12 billion
Previous Story

Update: Gusau Defeats Peterside, Wins NFF Election Rerun 

Ahead Of Labour Party Oct. 1 Mega Rally, Police Team Patrols Lagos
Next Story

Ahead Of LP Oct. 1 Mega Rally, Police Team Patrols Lagos

Don't Miss

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Banks’ Recapitalisation Spurs Market Growth The ongoing banks’ recapitalisation exercise
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th December 2024

What is the Dollar to Naira Exchange rate at the