IJIMT 2015 Vol.6(5): 358-362 ISSN: 2010-0248
doi: 10.18178/ijimt.2015.6.5.630

Investigating the Financial Income Streams of Political Parties in Nigeria

E. O. Nwatarali and N. U. Dim
Abstract— This research work is based on the problems of inadequate finance regulation and enforcement of current regime of political parties finances in Nigeria. The Existing income streams of political parties in the country are characterized by, surreptitious financial support streams, influence peddling by few wealthy donors, who control the policy direction of the nation state and extensive use of state funds to finance political party activities. This study conducted structured interviews with policy makers in the Independent National Electoral Commission (INEC), political parties, international organizations that work to deepen democracy, political parties, and civil society organizations. The information from the interviews was further used to construct the research questionnaire, which was sent by email to a wider population, covering staff of the above organizations, and a segment of the voting public. The results achieved identified, that there is existence of weak legal and regulatory framework, haphazard administrative processes, and inadequate engagement and management of key segment of stakeholders in order to obtain their 'buy-in', as the major impediments to attaining an efficacious political finance monitoring and enforcement regime.

Index Terms— Corruption, financial regulation, INEC, income streams, political party finance laws, stakeholders engagement.

The authors are with the School of Project Management; Federal University of Science and Technology Owerri, Nigeria (e-mail: nwtrl@yahoo.com, nattdims@yahoo.com).

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Cite: E. O. Nwatarali and N. U. Dim, " Investigating the Financial Income Streams of Political Parties in Nigeria," International Journal of Innovation, Management and Technology vol. 6, no. 5, pp. 358-362, 2015.

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