Why FG Should Fund Political Parties - Moghalu |Read Details
AFNews Reporter
Aug 26, 2022
Former Deputy Governor of the Central Bank of Nigeria has advised the Federal Government to take over the funding of political parties across the country as it will mitigate corruption within the electoral.
READ ALSO: Invasion Of Odili's Residence, A Mockery Of Democracy- Melaye Calls For Public Probe
The political economist gave the advice during an interview on Channels Television's Sunrise Daily on Friday.
READ ALSO: Umuenyere Gully Erosion: Hon Chinasa Assures Government Intervention
Professor Moghalu criticised the current delegate system used for party primaries, noting that most delegates participate for pecuniary benefits.
READ ALSO: BREAKING: Nnamdi Kanu's Terrorism Trial to Restart as New Judge Takes Over | SEE NEW DATE
"One of my recommendations is that the government should fund political parties,ÔÇØ he said. "This was done in the time of the SDP and NRC that Babangida set up, a little to the right, a little to the left.
READ ALSO: Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
"And I think if you look at how much the government spends on other things - we spend N4 trillion on petrol subsidy - do you think we would need to spend N500 billion on funding political parties? It's a policy and legislative choice. In many countries of the world, in Germany and Canada, the government funds political parties, so that what voters are deciding on are the issues, not who is giving more money.ÔÇØ
Related Stories
Bloodbath At Wedding: Bandits Kill 13, Abduct Many In Midnight Attack In Kaduna Community
"Ikwuano Locked Down For Alex OttiÔÇØ - Monday Ubani SAN Sends Strong Message To Opposition
Mother's Day: Abia Government Liaison Officer Honours Women, Says Mothers Shape Future Leaders
Why ICPC Is Prosecuting Mike Ozekhome Over a London Property Deal That Has Shaken Nigeria's Legal Circle | READ DETAILS
Ofuji Ndị Igbo Sets 2026 Agenda, Promises Greater Community Engagement
How a Catholic Priest Slumped and Died While Delivering Homily in Delta Church
""
— AFNews Reporter