CAMPAIGN FINANCE REGULATION: A COMPARATIVE ANALYSIS OF THE INTERNATIONAL FRAMEWORK AND LESSONS FOR NIGERIA
Abstract
ABSTRACT
Thisstudy usesa doctrinalmethodology to examinethe significantimpact ofcampaign finance lawsin shaping the democratic integrity of elections. These lawsgovernthesource, recipients, quantity, and frequency of donations to political campaigns, therebyensuring transparency and accountability. Maintainingthis balancewill go a long wayinpreventingcorruption and promotingfairelections. However, candidates' ability toattractvoters andexpresstheirviews dependson adequate resources, whichcan lead todisparitiesincandidates' financialresources. Sufficient funding is therefore essential to running a well-funded and competitive campaign. Effective campaign financeregulation requires establishing clearguidelinesforcontribution limits, expenditure reporting, enforcement mechanisms, andprioritizing transparency and accountabilityto prevent corruption. The Nigeriancontext presentschallengesin enforcing campaign finance regulations, which can leadto potential loopholes and violations. Additionally, tracking and accurately disclosing campaign contributions and expenditures can pose significant challenges. Thelackof astronglegal framework and enforcement mechanisms in election campaigns further exacerbatestransparency andaccountability issues. Nigeria must tightencampaign finance rules to ensurefairandcredibleelectoralprocesses, build publictrust, andstrengthenpolitical engagement.
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