Political parties in Nigeria are expected to spend billions of naira in the next year’s elections as INEC officially lifts the ban on political activities.
It is about five months to the next general election in Nigeria where citizens will go to the polls to cast their vote for the candidate of their choice. Political parties are expected to spend billions of naira during this electioneering process as it was in previous elections.
It will be recalled that the Independent Electoral Commission (INEC) has fixed February 25th for the Presidential and National Assembly elections while Governorship and State Assembly elections will be held on March 11th, 2023.
Investors King understands that Nigerian previous elections were hugely monetised and next year’s election would not be an exception.
A closer analysis of the presidential election shows that there are 18 Presidential candidates which will compete in 176,846 polling units.
Going by the electoral laws and the previous election, all candidates are expected to appoint polling unit agents who are offered some token for their service.
Investors King gathered that in the last elections, polling units agents were offered between N10,000 to N20,000. Using N10,000 as a variable, this means each of the leading political parties will expend at least N1.7 billion on polling unit agents.
Other areas where political parties are expected to spend money include logistics, public campaigns, posters and banners, courtesy call gratification and security among others.
Besides, it is also expected that the leading political parties will engage in vote buying which could run into hundreds of billions of naira. Many Election Monitoring Groups (EMGs) such as Yiaga Africa have alleged voter inducement in previous elections.
Political parties spend between N5000 to N10,000 to induce voters. It can be assumed that parties will spend more in the next general election since Nigeria’s voter population has increased to 95 million, adding more than 12 million new registered voters in the just concluded voter registration.
Meanwhile, the Independent Electoral Commission (INEC) has disclosed that the commission will spend N305 billion to conduct the 2023 election. This is different from the commission’s yearly budget which currently stands at N40 billion.
Burkina Faso’s Military Junta Foils Attempted Coup Amid Ongoing Instability
Burkina Faso’s military junta announced its successful thwarting of an attempted coup this week, once again highlighting the nation’s precarious stability in the face of an ongoing Islamist insurgency.
The fragile transitional government, led by Colonel Ibrahim Traore, found itself targeted by a group of military officers and their cohorts seeking to plunge the country into chaos.
Government spokesman Jean Emmanuel Ouedraogo released a statement late Wednesday, confirming the arrest of the individuals behind the plot, while asserting that those still at large were actively being pursued.
Traore, who took power a year ago after overthrowing Interim President Henri Paul Sandaogo Damiba, has been on edge due to the persistent specter of coups.
To address security concerns, Traore recently appointed new heads of the security services, including the National Intelligence Agency, following the arrest of several army officers accused of plotting against the state.
Ouedraogo reassured the public that a thorough investigation would be conducted to shed light on this latest attempted coup.
This incident in Burkina Faso underscores the troubling trend of military leaders seizing power in African nations, with Niger and Gabon experiencing similar developments in the past two years.
The West African nation remains at a critical juncture, teetering between democracy and instability as it grapples with internal and external threats.
French Ambassador Departs Niger Amid Escalating Tensions: Macron’s Pledge to Withdraw Troops Looms
Ambassador Sylvain Itte, along with six colleagues, left Niger’s capital, Niamey, on a flight bound for Paris via Chad.
This departure comes three days after French President Emmanuel Macron confirmed the withdrawal of the French envoy and pledged to withdraw approximately 1,500 French troops stationed in Niger by the end of 2023.
The abrupt exit of Ambassador Itte, as reported by Agence France-Presse, occurred at around 4 a.m. on Wednesday and followed the deterioration of relations between Niger’s military leaders and their former colonial power, France.
The strained relations were primarily triggered by the ousting of President Mohamed Bazoum in a coup on July 26, a coup that led to the severance of military ties between the two nations.
Macron’s initial refusal to adhere to the August 28 deadline set by the junta for Ambassador Itte’s departure only served to heighten the diplomatic standoff.
The junta had cited alleged French “actions contrary to Niger’s interests” as the reason for the ambassador’s expulsion.
In the latest development, the coup leaders formally requested a timeline for the withdrawal of French troops from Niger. Macron had previously confirmed his commitment to completing the withdrawal by the end of 2023, further emphasizing the changing dynamics of the Franco-Nigerien relationship.
On Wednesday, President Macron engaged in talks with Nigerien Foreign Minister Hassoumi Massaoudou, during which he reaffirmed France’s support for President Bazoum and expressed his country’s eagerness to see a return to constitutional order in Niger.
This statement from the Elysee underscores France’s continued involvement in Niger’s internal affairs despite the recent diplomatic tensions.
As both nations navigate these turbulent waters, the future of their diplomatic and military relations remains uncertain.
The departure of Ambassador Itte is just the latest chapter in this evolving saga, and it raises questions about the implications for France’s historical ties to its former colony and its broader strategic interests in the West African region.
G-20 Grants African Union Equal Membership Status to EU
The Group of 20 nations has reached a consensus to confer permanent membership status upon the African Union.
This significant move is aimed at empowering the African continent with a stronger voice in addressing pressing global issues, including climate change and emerging-market debt.
The announcement was made by Indian Prime Minister Narendra Modi, who served as the host of the G-20 summit held in New Delhi over a two-day period.
During this historic event, President Azali Assoumani of Comoros, who currently holds the presidency of the African Union, was warmly embraced by Prime Minister Modi and offered a seat at the summit table.
This strategic decision, which has been previously reported by Bloomberg News, grants the 55-member African Union the same prestigious status enjoyed by the European Union within the Group of 20.
European Council President Charles Michel expressed his delight regarding this development in a post on X, formerly known as Twitter.
He expressed eagerness for close cooperation between the African Union and the European Union within the framework of the G-20, solidifying the commitment to address global challenges collectively.
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