Political Pay & Finance Reforms

Here’s an excerpt of an opinion piece I wrote last May:

1. Salaries and Allowances paid to all public office holders within the Legislative and Executive arm will be the same as that of the Federal Civil Service.
2. Political campaigns can only be funded from:
 – grants from the political parties to which the aspirant belongs.
 – funds raised by the aspirants electoral campaign office directly from members of the public.
 – the maximum amount a member of the public can donate directly to an electoral campaign office is N250,000.
 – the maximum amount an individual official member of a political party can donate to the campaign fund of the party is N5,000,000.
 – the maximum amount an official individual electoral political party aspirant can donate to the campaign fund of the party is N15,000,000.
 – the maximum amount an institution can donate to a political party is N25,000,000.
 – no foreign organisation can donate any funds to any political party or electoral campaign office of any political office aspirant.
 – no foreign individual can donate any funds to any political party or electoral campaign office of any political office aspirant.
 – every donation worth more than N250,000 to a political party or electoral campaign office must be declared and registered with INEC.
 – within three months of the end of each general election, INEC is to publish on its website the list of donations registered with it.
3. Members of the legislative arms should be permitted to hold jobs outside of their legislative roles provided that:
 –  such jobs do not, in addition, take up more than 25% of their statutory working hours;
 –  they declare how much was earned from all outside jobs;
 –  they declare how many hours they worked;
 –  they declare who paid them;
 –  such jobs do not necessarily need to relate to their political role.
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Political Pay & Finance Reforms

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