The Independent National Electoral Commission (INEC) says it will run the rule over political parties’ presidential, governorship and senatorial candidates, regarding election campaign spending limit.
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INEC Chairman, Prof. Mahmood Yakubu stated this during a press conference called by the electoral body to announce the 2019 general elections timetable and schedule of activities.
The electoral umpire says Presidential and National Assembly primaries will begin on August 18 while campaigns will commence on November 18, 2018.
Campaigns for the governorship and state assembly are scheduled to commence on December the 1, 2018.
Presidential and national assembly elections will hold on February 16th, 2019, while the governorship, state assembly and area council elections in the federal capital territory will take place on March 2, 2019.
Regarding the spending limit for presidential candidates, Yakubu said the Electoral Act was clear on the matter which “states that no presidential candidate can spend over N1bn, no governorship candidate can spend over N200m and no senatorial candidate can spend over N40m.”
The same Act further states that corporate bodies cannot donate money to political parties and no private individual can donate more than N1m to any aspirant or candidate.
“The benchmark for financing campaigns is a matter of the Electoral Act. The provisions in the Act have no changed for all categories of candidates contesting election and we will stick to it,” he said.