2015 elections cost approximately 1 trillion Naira – INEC

An estimated N1 trillion was spent by the Independent National Electoral Commission, INEC, political parties and candidates for the 2015 elections, it was revealed, yesterday.

Some in the House of Representatives, however, described the high figure as provided by INEC as unrealistic as they put the blame on civil servants, who they claimed, inflate the cost of elections to their benefit.

It was revealed at the conference that the Peoples Democratic Party, PDP, expended N8.74 billion in traceable media and other related expenses in the 2015 elections while all the other opposition parties expended N2.91 billion for similar activities.

Chief Technical Adviser to the INEC Chairman, Prof. Bolade Eyinla disclosed at the opening of the conference organised by the Westminster Foundation for Democracy that the “core cost” of the election as represented by expenditure by the commission and related institutions was $547 million, while total cost, including expenses by political parties and their candidates, was between $1.5 billion and $2 billion.

“In Nigeria, our core cost was $547 million. It is perhaps the most expensive elections that we have ever seen. I have seen figures somewhere of between $1.5 billion to $2 billion and believe me; it is true if we knew what happened. In one scandal, we heard of $115 million”, he said.

An INEC National Commissioner, Prof. Anthonia Simbine when speaking on party financing, said: “We have existing limits in the legal framework, but this has become somehow very unrealistic because there are no enforcement framework or capacity when people do what they are not supposed to do. This is more because our society is cash-based and so the capacity of INEC is still very weak in tracking and monitoring party financing.