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NDC to Use Crowdfunding for 2027 Elections Financing

Politics
NDC to Use Crowdfunding for 2027 Elections Financing

The National Democratic Congress (NDC) has announced its intention to adopt a crowdfunding model to finance its activities ahead of the 2027 general elections. Osa Director, the party’s National Publicity Secretary, stated that this initiative aims to limit the influence of wealthy individuals, referred to as "moneybags," on the party's decisions.

The proposed funding structure will enable members and supporters to contribute according to their financial capacity, promoting broader ownership and financial accountability within the party. The NDC is studying crowdfunding models used by the Obidient movement during the 2023 elections to develop its own system.

The party plans to engage financial experts and auditors to oversee the process and will publish accounts detailing funds raised and expenditures. Contribution limits of N10 million for House of Representatives aspirants and N20 million for Senate aspirants have already been established to prevent excessive financial influence.

The NDC will also scrutinize substantial donations to mitigate legal and reputational risks.

Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.

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