• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy Budget

Why INEC spends so much to conduct elections in Nigeria – Yakubu

William Ukpe by William Ukpe
September 17, 2022
in Budget, Business News, Politics
Why INEC spends so much to conduct elections in Nigeria – Yakubu

Prof. Mahmood Yakubu, INEC Chairman

Share on FacebookShare on TwitterShare on Linkedin

The Independent National Electoral Commission (INEC) has given insights into why elections are expensive in Nigeria, stating that 60% of the cost of elections in Nigeria is spent on logistics and personnel allowances. 

This was disclosed by Prof. Mahmood Yakubu, the INEC Chairman in a press briefing with the Nigerian Guild of Editors (NGE) in Lagos, on Friday. 

He added that ballot papers are printed in currency quality and entrusted with the Central Bank of Nigeria, for the “lack of trust in the system”. 

RelatedStories

inec

INEC’s By-elections and lessons not learnt by Reuben Abati

August 19, 2025
inec

INEC: 69,376 Nigerians completed online voter pre-registration in seven hours nationwide 

August 19, 2025

What the INEC chief is saying

He noted that most of the costs were down to technology, logistics and securing ballot papers, which is an expensive process to operate. 

Dr. Yakubu said, “In France, the ballot paper is like an A4 sheet of paper because it is unthinkable that anybody in France will snatch the ballot paper. 

“But here in Nigeria, we print ballots papers in currency quality and we entrust them to the Central Bank of Nigeria. 

“The ballot papers will now be move with all the protocols and security according to the movement of the national currency, just to protect the process. 

“This is not going to be done cheaply. So, we pay for lack of trust in the system.”  

He also revealed that Nigeria’s elections were not the most expensive in Africa, highlighting the entire cost spread per head of the voting population. Which is projected to be about 95 million. 

“The cost in Nigeria, I think, is nine dollars per head (N4,500) as against what happens in other countries. Ours is not even the most expensive. 

“The cost of elections in Nigeria in 2023 is N305 billion of the national budget of over N17 trillion. 

“The cost of elections is just 1.8 per cent, not even up to two per cent of the national budget. 

“If we remove the technology cost, 60 per cent of the cost of elections in Nigeria is spent on logistics and personnel allowances,” he stated. 

On electronic voting, Yakubu said that the country was getting closer to achieving it, noting that it involved several processes and had started cleaning up of voters register, noting that credible elections start with a credible register of voters. 

What you should know 

  • Nairametrics reported last December why INEC said it needs N305 billion, for its election. 
  • INEC said the N305 billion is different from the N40 billion yearly budget request of the electoral body, citing that N100 billion had already been disbursed of the total projected expenditure, and stating, however, that it would not be enough for adequate preparation for the 2023 general elections. 

Follow us for Breaking News and Market Intelligence.
Tags: INECThe Independent National Electoral Commission
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

inec
Op-Eds

INEC’s By-elections and lessons not learnt by Reuben Abati

August 19, 2025
inec
Business News

INEC: 69,376 Nigerians completed online voter pre-registration in seven hours nationwide 

August 19, 2025
Business News

2027 polls: Reconsider your appointment of alleged APC members as INEC RECs – SERAP tells Tinubu 

June 8, 2025
Nigerian Navy disowns list of successful candidates for Batch 35 recruitment
Business News

Presidency debunks sack of INEC boss, Mahmood Yakubu

April 7, 2025
INEC postpones Governorship, state assembly elections in some polling units in Lagos
Legal & Regulations

SERAP threatens to sue INEC over alleged refusal to go after bribery suspects 

September 29, 2024
Federal High Court, REA
Legal & Regulations

FAAC: Kwara electoral body accuses PDP of plotting to block LGAs’ allocations 

September 12, 2024
Next Post
oil theft, Air strike , Rives state

NSCDC boss orders arrest, prosecution of oil thieves in Nigeria

Leave a Reply Cancel reply

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

otd
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • INTERPOL busts cybercrime networks across Africa in sting operation, recovers $97.4 million 
  • FCMB Group to raise equity capital for expansion drive 
  • Leather exports from Lagos to generate N387.5 billion annually – Sanwo-Olu 

Follow us on social media:

Recent News

Interpol arrests 300 individuals connected with Black Axe, Nigerian-founded confraternity 

INTERPOL busts cybercrime networks across Africa in sting operation, recovers $97.4 million 

August 23, 2025
FCMB

FCMB Group to raise equity capital for expansion drive 

August 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics