Moghalu Urge FG to Fund Political Parties

Political economist Kingsley Moghalu has asked the Federal Government to fund political parties across the country.

The former Deputy Governor of the Central Bank of Nigeria stated this while speaking on Channels Television’s Sunrise Daily on Friday.

According to him, if the government fund political parties, it will mitigate corruption within the electoral system.

 Professor Moghalu criticized the existing system of delegates employed for party primaries, pointing out that the majority of delegates take part for financial gain.

“One of my recommendations is that the government should fund political parties,” 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.

“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.”