Unraveling the Nexus: Money in Nigerian Politics and the Imperative of Campaign Finance Regulations

Abstract

This article examines the pervasive influence of money in Nigerian politics and the imperative of implementing effective campaign finance regulations. In Nigeria, financial resources wield considerable power in shaping electoral outcomes and policymaking processes. The prevalence of vote-buying, patronage networks, and campaign spending undermines democratic principles of representation and accountability. Despite the existence of campaign finance regulations, challenges such as weak enforcement mechanisms and regulatory loopholes persist, perpetuating electoral malpractice and eroding public trust in democratic institutions. Through a comprehensive analysis of the dynamics of money in Nigerian politics, this article underscores the necessity of strengthening regulatory frameworks, enhancing transparency measures, and promoting civic education to foster a more equitable and participatory political landscape. Addressing systemic issues such as corruption and political exclusion is essential for upholding the integrity of electoral processes and realizing democratic ideals in Nigeria.

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