In this article, we examine the current position of the Nigerian law on the subject of political donations by corporates. We will attempt a comparative analysis with other jurisdictions such as the United States, the United Kingdom, and India and make some recommendations on how political donations can be regulated in Nigeria.
With the 2023 Nigerian general elections drawing close, aspirants and political parties are looking to sell their ideologies and manifestoes to Nigerians. Political campaigns and elections are very capital intensive in Nigeria, but this is not peculiar to Nigeria. It is estimated that the 2020 United States election campaigns smashed all records – with presidential and congressional candidates spending a total of almost US$14,000,000,000 (Fourteen Billion United States Dollars.