Omoyele Sowore, presidential candidate of the African Action Congress (AAC), has given a breakdown of his party’s campaign expenses within the past three months.
The three months of campaign spending is for the period of May to August 2022.
Sowore shared the breakdown on his official Twitter page on Thursday.
According to him, the party’s campaign bank account balance as of August 31, 2022, stood at N875,696 .
The breakdown highlighted expenditures for the three months as; printing (N650,000), subscriptions (N23,350.50), media logistics (N330,000), and consumables (N20,000).
Others are conveyance (N1,200,750), party activities (N270,000), security (N200,000), maintenance (N40,000), and bank charges (N8,914.57).
The party’s campaign total payments for the three months stood at N2,743,015.
In 2019, after the presidential election, the AAC presidential campaign organisation had said the party spent N157 million on its campaign activities.
The 2019 campaign expenses, according to the organisation, included N37,656,000 for “awareness materials”; N13.5 million on “wages and salaries”, and N55,040,000 for “engagements” across the country such as meetings, concerts, protests, townhall meetings.
Meanwhile, the maximum expenses for presidential candidates has now been reviewed.
Section 91(1)(2) of the Electoral Act, 2022 states that “the maximum election expenses to be incurred by a candidate at a presidential election shall not exceed N5,000,000,000.00.”
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