Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Politics

Electoral Bill:  Presidency defends decision, says Bill had economic and security consequences

William Ukpe by William Ukpe
December 29, 2021
in Politics
Electoral Bill:  Presidency defends decision, says Bill had economic and security consequences
Share on FacebookShare on TwitterShare on Linkedin

The office of the Presidency has defended its decision to not sign the Electoral Bill stating that the Amended bill had legal, financial, economic and security consequences for Nigerians.

This was disclosed in a statement by presidential spokesman, Garba Shehu on Tuesday in Abuja while reacting to media reports on the reason the Electoral Bill was rejected by President Muhammadu Buhari.

The Presidency also added that the economic consequences of signing such a bill, comes at a time Nigeria is  facing the  worst global health crisis in human history.

RelatedPosts

Workers Strike: Gov Abiodun says workers to receive alerts in 24 hours

Former President Jonathan explains why he did not embark on constitutional reforms

What the Presidency is saying

The statement read in part, ”The President’s decision to withhold assent from the Electoral Act (Amendment) Bill 2021 has come under scrutiny from media and political circles.

”This is quite correct because it is a decision that will impact all Nigerians. The President’s Office has decided therefore to issue an official statement to make its position clear.

”Nigeria’s strength as a nation and its status as one of the wealthiest economies in Africa with one of its highest standards of living owes above all to its proud democratic processes, which are enshrined in the Electoral Act of 2010.

”It is this Act which the new bill seeks to amend. These amendments have been presented as a means to enhance and build upon our democratic processes.

”After careful review, the President’s Office has found that the opposite is true.”

It revealed that the proposed amendments entail significant legal, financial, economic and security consequences for all Nigerians, principal among which would be a severe spike in the cost of holding primary elections by parties – integral to democracies the world over.

The Presidency warned that the Nigerian taxpayer would shoulder the costs, and it would only benefit the richest political parties, highlighting that this comes ”at a time when the nation is seeking to extricate itself from the economic mire of the worst global health crisis in living memory, whatever other merits the new bill may have, now is not the time for such frivolous spending of public money.”

It added that It is worth noting that, as one of Nigeria’s largest political parties, the ruling APC is one of those that stand to benefit from a bill that favours wealthier parties. But it is not the job of this government to protect the APC, however, It is the job of this government to protect Nigeria, her people and her democracy.

In case you missed it

Recall Nairametrics reported yesterday that Nigeria’s Attorney General of the Federation and Minister of Justice, Abubakar Malami stated the reason President Muhammdu Buhari failed to sign the Electoral Bill, citing that it supports insecurity and is discriminatory.

Related

Tags: Electoral BillPresident Muhammadu Buhari

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Sky Mavis opens Ronin bridge after $625 million hack
    • Mokutima Ajileye: Making waves and smashing goals
    • WizKid, Tems BET Award winning “Essence” raking in over $1 million+ in estimated streaming revenues

    Follow us on social media:

    Recent News

    DeFi exploit: Hackers steal $611 million from Poly Network

    Sky Mavis opens Ronin bridge after $625 million hack

    June 29, 2022
    Mokutima Ajileye: Making waves and smashing goals

    Mokutima Ajileye: Making waves and smashing goals

    June 29, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com