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This was made known after the eighth senate passed the Electoral Act No 6 2010 (Amendment) Bill 2017 on March 30, 2017.
According to a report by TheCable, the bill is aimed at instituting reforms in the electoral process by making it more free, fair and credible.
The new provision in the Electoral Act will see governorship aspirant paying N5million for nomination form, senatorial aspirants purchasing nomination forms for N2million and House of Representative hopeful for N1million.
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Councillorship aspirants in wards will cough out N150,000, while area chairmanship aspirants will pay N250,000 for nomination and States of House Assembly aspirants will pay N500,000 to purchase nomination forms.
The bill also intend to ensure that parties can no longer impose arbitrary nomination fees on political aspirants.
It should be noted that in the build up to the 2015 election, President Muhammadu Buhari said he borrowed money to pay for his own nomination form, which is about N25m.
