FG Released N313.4bn To INEC For 2023 General Election, Says INEC – The Reflector Newspaper
Friday, August 29, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

FG Released N313.4bn To INEC For 2023 General Election, Says INEC

Adams Bamidele by Adams Bamidele
February 24, 2024
in Featured, News
0
FG Released N313.4bn To INEC For 2023 General Election, Says INEC
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

The commission in its 2023 General Election Report released on Friday, said that out of the N355.b approved for the conduct of the elections, the sum of N313.4 billion was only released as at September 2023,.

According to the report, based on the key activities in the approved Election Project Plan for the 2023 general election, INEC proposed a budget of N305 billion for the conduct of the elections.

Related posts

Delta Deputy Speaker Criticizes Oil Firms For Ignoring Meeting

Delta Deputy Speaker Criticizes Oil Firms For Ignoring Meeting

August 29, 2025
Former Super Eagles Striker Ujah Retires From Football

Former Super Eagles Striker Ujah Retires From Football

August 29, 2025

The breakdown of this amount showed that the commission asked for N159.7 billion for electoral operations; N117. 3 billion for electoral technology; and N20.4 billion for electoral administrative costs.

It also showed that N7.4 billion representing 2.5 per cent of the election operation, technological and administrative costs was set aside for unforeseen electoral expenses.

The report stated that in line with the provisions of the 1999 Constitution, the commission’s budget proposal for the 2023 general election was submitted to the presidency and duly transmitted to the National Assembly for approval.

“Consequently, the commission appeared before Senate and House Committees on INEC as well as the Senate and House Appropriations Committee in a joint session during which the INEC Chairman presented the expenditure layout of the budget and answered all questions and queries from Committee members.

“The National Assembly approved and appropriated the sum of N303.1 billion for the conduct of the 2023 general election,” it stated.

It, however, stated that by January 2023, it was clear that the approved amount would not be enough for the conduct of the election due to the inflation rate and consumer price index as well as the widening differentials in the foreign exchange rate.

It added that INEC was also faced the necessity to rebuild or relocate its operations from its buildings that were destroyed or burnt and replace lost election materials due to arson attacks and fire outbreak.

It also noted that INEC suffered more than 50 attacks on its facilities and vandalisation of properties and election material between 2019 and 2022.

These three factors, according to the report, negatively impacted on the procurement of domestic goods and services and the purchase of offshore electoral equipment and materials.

“The commission was therefore compelled to request for supplementary appropriation in the sum of N52.billion from the presidency.

“The request was duly considered and approved for appropriation by the National Assembly bringing the total funds approved and appropriated for the conduct of the 2023 general election to N355.2 billion.

“The breakdown of the appropriated amount on the basis of the Average Cost per Registered Voter Index (COVI), for the 93,469,008 registered voters in Nigeria is N3,801 (US$6.72) per voter.

“This is well within the internationally acceptable Average Cost per Registered Voter (ACRV) of $4 to $8 that is deemed adequate for the conduct of election in transitional democracies.

“In fact, the ACRV for the 2023 general election is less than the actual cost of $9.62 and US$7.38 cost per voter for the 2015 and 2019 general election respectively and very reasonable in comparison to the cost per voter in other transitional democracies such as Ghana and Kenya,” the report stated.

It added that consequent upon the appropriation of the election budget proposals by the National Assembly, INEC engaged with the Minister and officials of the Ministry of Finance, Budget and National Planning for the release of funds as stipulated in Section 81(2,3&4) of the 1999 Constitution.

“This led to the cumulative release of the sum of N293.4 billion in tranches between February 2022 and February 2023.

“A further amount of N20b was released to the Commission in August and September 2023.
“The sum of N61.8 billion is outstanding as of October 2023,” the report said.

It also stated that INEC also receives support from development partners for electoral activities.
The support according to the commission was tailored around training, capacity building, civic and voter education, production of information, education and communication materials and engagement with stakeholders.

These supports are directed at the provision of technical assistance, information dissemination, strengthening the integrity of the electoral process, promoting citizens’ participation, and enhancing advocacy for inclusivity with reference to women, youths, persons with disability and other marginalised groups.

“To be clear, the commission does not receive any direct cash transfer from development partners.

“Rather, these partners are required to hold on to their funds and undertake the direct implementation of any activity requested by the commission that are usually directed at meeting urgent and sometimes unanticipated needs or to augment the cost of enhancing electoral integrity, “ it stated.

Section 81(2,3&4) of the Constitution provides that the required funding to meet INEC expenditure be issued directly from the Consolidated Revenue of the Federation to the commission i.e on a first-line charge to the consolidated revenue.

The section also stipulated that any further funding required by the commission should be presented to the National Assembly for supplementary appropriation if the amount in the original budget is insufficient or if no amount was provided for in the original budget to meet unforeseen expenditure.

The Section also stipulated that funds due to the commission for any general election should be released not later than one year before the election and gave INEC the power to disburse such funds in accordance with its financial rules and regulations.

Also the Federal Government of Nigeria is solely responsible for providing funding to the Commission as a sovereign responsibility

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Ondo Guber: I Can’t Be Governor For One Year – Aiyedatiwa On Plans To Run

Next Post

CBN Issues Fresh Guidelines To Customs On Import Clearance Exchange Rate

Next Post
CBN Issues Fresh Guidelines To Customs On Import Clearance Exchange Rate

CBN Issues Fresh Guidelines To Customs On Import Clearance Exchange Rate

RECOMMENDED NEWS

Soldiers Deployed To Deposed Emir Bayero After  Arrest Order

Woman Arrested In Katsina For Supplying Weapons To Bandits

1 year ago
Hardship Protest: 50 Detained In Nasarawa

Yobe Police Inspector Detained For Allegedly Stabbing Man Over N200

11 months ago
At Your Age, I Would Want Younger Ones To Respect Me – Obi Replies Soyinka

At Your Age, I Would Want Younger Ones To Respect Me – Obi Replies Soyinka

1 year ago
Over 2 Million Voters Registered For Ondo Poll, INEC Reveals

INEC Begins Online Pre-Registration Of Voters, Physical Exercise Starts August 25

2 weeks ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Ademola Adeleke Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Buhari By-Elections CBEX Coalition Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha Nigerian National Petroleum Company Limited (NNPCL) Nnamdi Kanu NNPC NNPCL NYSC Olubadan PDP Peter Obi President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • Delta Deputy Speaker Criticizes Oil Firms For Ignoring Meeting
  • Former Super Eagles Striker Ujah Retires From Football
  • 2027: Opposition Parties Criticize APC’s Handling Of Presidential Ticket
  • Why I’d Choose Tinubu Over Obi – Adeyanju

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

Delta Deputy Speaker Criticizes Oil Firms For Ignoring Meeting

Delta Deputy Speaker Criticizes Oil Firms For Ignoring Meeting

August 29, 2025
Former Super Eagles Striker Ujah Retires From Football

Former Super Eagles Striker Ujah Retires From Football

August 29, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights