Why is Nigeria’s ruling party charging $240,000 for its presidential form?

By Akin Irede
Posted on Monday, 25 April 2022 16:11

Men ride on a transport wrapped with a banner campaigning for All Progressives Congress (APC) outside a campaign rally in Yaba district in Lagos
Men ride on a transport wrapped with a banner campaigning for All Progressives Congress (APC) outside a campaign rally in Yaba district in Lagos February 5, 2015. REUTERS/Akintunde Akinleye

Nigeria’s ruling party, the All Progressives Congress (APC), has set the sale of its Presidential nomination forms at N100m ($240,884), a new record for the country. Insiders at the APC say this to ensure the candidate is rich enough to outspend the opposition PDP. But critics point to the opaque 'funding groups' that have sprung up to 'help' aspirant candidates.

The form itself is just a booklet which could not have cost more than N4, 160 ($10) to print. But to complete this form will cost you N100m. That is how much anyone who wishes to contest the presidential election on the platform of the ruling APC must be willing to part with.