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PARTY FINANCES IN NIGERIA: EXAMINING THE ATTENDANT GOVERNANCE ISSUES

ABSTRACT

In spite of the comprehensive provisions of the 1999 Constitution Electoral ACT 2006 (as amended) and the Finance Manual on Political Parties, Public opinion on Party Finance in Nigeria remains overwhelmed with perceptions of corruption, undue influence from strong personalities and other impunities that portrays the political terrains to be generally regarded as murky waters. This article examines these existing legal frameworks for the control of party finances and elections funding from candidate nomination race to election proper. It was argued that the Knowledge, Attitude and Practice (KAP) to party finances in Nigeria are a key part of the broader governance challenges requiring urgent attention. Yet, public confidence in the electoral process is necessary for ensuring political participation that engenders public support for government programmes that could drive development using data generated from facebook online panel (2008), we demonstrated that the public know little of the key provisions regulating party finance while attitudes to party finance is more of lackadaisical and laissez fare posture. We also demonstrated that though there are laws that empowers the election commission to supervise party finances, the regulation of the campaign expenditure of the individual candidates who are contesting elections are largely unaffected by the laws.

Keywords: Knowledge, Attitude, Practice, Political Party, Party Finance and Governance.      

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