ADVERTISEMENT
TechEconomy
Saturday, May 31, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Is INEC Broke? Chairman says N40 Billion for 2025 Budget Not Enough

Is INEC Broke? Chairman says N40 Billion for 2025 Budget Not Enough

…opens up on how Edo, Ondo elections were funded

Peter Oluka by Peter Oluka
January 11, 2025
in News
0
Independent National Electoral Commission - INEC
Independent National Electoral Commission - INEC

Independent National Electoral Commission - INEC

RelatedPosts

Aminu Maida | NCC } Telecoms Tariff adjustment | USPF | e-Health Project

NCC Boosts Telemedicine in Nigeria, Commissions Ondo e-Health Project

May 30, 2025

PARTNERSHIP: UK Minister for Africa Lord Collins Visits Nigeria

May 30, 2025

Professor Mahmood Yakubu, the chairman, Independent National Electoral Commission (INEC), has argued for an increase in the Commission’s 2025 budgetary allocation to facilitate its operations.

He made the appeal during a budget defense session with the Joint Committee on Electoral Matters at the National Assembly complex on Friday, January 10, 2025.

Professor Mahmood Yakubu, chairman of INEC
Advertisements
MTN ADS
Professor Mahmood Yakubu, the chairman, Independent National Electoral Commission (INEC)

Highlighting the financial constraints the Commission encountered in the 2024 fiscal year, Prof. Yakubu explained that INEC was allocated N40 billion, which he described as insufficient to cover anything beyond personnel costs and social contributions.

He detailed how the allocation left critical activities unfunded, such as the resumption of Continuous Voter Registration (CVR) and voter redistribution to polling units.

“While we received all the funds allocated for 2024, the N40 billion was only enough to pay consolidated salaries, allowances, and statutory social contributions. Unfortunately, many operational activities had to be shelved,” he stated.

Prof. Yakubu said that the Commission had to approach the executive for supplementary funding of N10.5 billion to conduct the Edo and Ondo governorship elections. However, this allocation still fell short of the Commission’s operational requirements, leaving several bye-elections unaddressed. “We’ve conducted nine of the required bye-elections, but as of today, 11 bye-elections remain pending,” he noted.

On the 2025 budget proposal, he revealed that the funding envelope provided by the Ministry of Finance remains unchanged at N40 billion—the same allocation as 2024, despite rising operational costs.

He said:

“With a workforce of over 14,700 personnel, including 51 political officeholders, and the introduction of a new minimum wage, the N40 billion allocation cannot even cover personnel costs adequately.”

To address these challenges and effectively plan for upcoming electoral activities, he said INEC has proposed a budget of N126 billion for 2025.

Prof. Yakubu listed key areas requiring immediate funding as off cycle elections, CVR and replacement of damaged materials.

With regard for the off-cycle elections, the INEC Chairman noted that preparations for the Anambra, Ekiti and Osun governorship elections, and Area Council elections in the Federal Capital Territory would require significant financial input.

He said the resumption of the CVR would take place at over 8,800 centers nationwide to ensure that Nigerians who have come of age can register to vote.

On damaged materials, Prof. Yakubu said the Commission must replace over 440 Bimodal Voter Accreditation System (BVAS) machines, ballot boxes, and voting cubicles lost to attacks and fires during past electoral exercises.

INEC, BVAS
INEC (BVAS)

He revealed that insurance claims amounting to N205 million have been remitted to the federal treasury, leaving INEC to source replacement funds.

He observed that many of the over 860 facilities nationwide belonging to INEC, including 774 local government offices and 37 state offices also require urgent rehabilitation, just as he underscored the need for early planning for the next general election, entailing activities such as voter redistribution and procurement of essential materials.

His words:

“the proposed budget is not just about conducting elections, but ensuring that INEC’s role as an electoral commission is robustly supported. Our mandate extends beyond balloting to include voter registration, political party regulation, and constituency creation.”

Addressing the high cost of elections in Nigeria, the INEC Chairman proposed exploring sustainable funding mechanisms.

He suggested that a percentage of the Federation Account allocation be dedicated to electoral activities, reducing the federal government’s exclusive burden.

He also advocated for legislative reforms to streamline bye-elections and minimize their financial and operational demands.

“We must find a more cost-effective way of dealing with elections,” Prof. Yakubu argued, pointing to practices in other countries like the United States, where vacancies in legislative bodies are often filled by gubernatorial appointment rather than by expensive bye-elections.

There are 142 recommendations in the Commission’s 2023 General Election Review Report, eight of which require action by the National Assembly.

Prof. Yakubu urged the lawmakers to collaborate with the Commission in addressing electoral challenges while emphasizing the need for a major conversation about the future of election management in Nigeria.

“As we look ahead to 2025 and beyond, we must confront the realities of our electoral system and ensure adequate funding to uphold the credibility and integrity of elections,” he concluded.

[Source]

Loading

0Shares
Tags: INECINEC 2025 BudgetProfessor Mahmood Yakubu
Previous Post

Top 10 Cybersecurity Companies to Watch in 2025

Next Post

Electricity: National Grid Collapses 11 Days into 2025

Peter Oluka

Peter Oluka

Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

Related Posts

Aminu Maida | NCC } Telecoms Tariff adjustment | USPF | e-Health Project
News

NCC Boosts Telemedicine in Nigeria, Commissions Ondo e-Health Project

by Peter Oluka
May 30, 2025
0

Statistics show that over 60% of Nigeria’s rural population lacks access to functional primary healthcare centers; Nigeria has only 30...

Read more
UK Minister for Africa in Nigeria

PARTNERSHIP: UK Minister for Africa Lord Collins Visits Nigeria

May 30, 2025
Glo Digital Village | Huawei

Glo, Huawei partnership Bring FG’s Digital Village Project to Live

May 30, 2025
Essential cybersecurity measures for Nigerian SMBs

Essential cybersecurity measures for Nigerian SMBs

May 30, 2025
ConNovate 2025

ConNovate 2025: Nigeria Computer Society Selects Kano as Host State for its 19th Int’l Conference

May 30, 2025
NiRA 17th AGM

NiRA Concludes 17th AGM, Elects new EBOD Members to Drive .NG Domain Growth

May 30, 2025
Next Post
national power grid

Electricity: National Grid Collapses 11 Days into 2025

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.