• The maximum limits on election expenses for political candidates under the Electoral Act, 2022 and 2026, have been released
• Presidential and governorship candidates were allowed to spend up to N5 billion and N1 billion, respectively in 2022, with limits rising to a substantial amount in 2026
• Senatorial and House of Representatives candidates saw their spending caps increase from N100 million and N70 million to a substantial amount, influencing campaign strategies and funding approaches

The maximum limits on election expenses for political candidates in Nigeria under the Electoral Act, 2022, and the Electoral Act, 2026, have been released, showing a substantial increase for the 2026 polls.

According to data from the Policy and Legal Advocacy Centre and TheCable Index, the caps vary depending on the level of office contested.

Presidential and gubernatorial elections see the biggest rise

For the presidential race, candidates were allowed to spend up to N5 billion in 2022, while the 2026 limit rises to N10 billion.

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Governorship campaigns also see a sharp increase, with limits moving from N1 billion in 2022 to N3 billion in 2026.

Legislative elections experience notable adjustments

Senatorial candidates’ spending limits rose from N100 million in 2022 to N500 million in 2026, while House of Representatives hopefuls saw an increase from N70 million to N250 million.

Analysts note that these adjustments may influence campaign strategies and funding approaches for political parties and candidates.

Source: Legit.ng