Nigeria's 2027 Elections: N571bn Campaign Spending Limit
Candidates contesting the 2027 presidential and governorship elections in Nigeria could collectively spend up to N571bn, as prescribed by the Electoral Act 2026. This includes 19 presidential candidates, each allowed a maximum campaign expenditure of N10bn, and 127 governorship candidates, each with a ceiling of N3bn.
Concurrently, the Federal Government has reported spending N30.64tn since June 2023 to alleviate the impacts of economic reforms, particularly following the removal of petrol subsidies. These reforms have reportedly generated N15.8tn in savings for the Federation, although expenditures have exceeded available resources by N10.24tn.
Additionally, the management of the Federal University Oye-Ekiti has denied claims regarding the arrest of its Vice-Chancellor, Prof Joshua Ogunwole, who served as the Chief Returning Officer for the recent Osun governorship election.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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