Prof. Attahiru Jega, a former Chairman, Independent National Election Commission (INEC), has cautioned against extreme monetization of politics in Nigeria.

Jega said this trend allows only the rich to participate in politics.

He urged the National Assembly to review the Electoral Act draft bill that allows extreme monetization of politics in Nigeria.

His words: “There are other things in the draft bill, for example, monetization of politics, they have increased the threshold.

“They said to be a president, you can spend up to N2 billion in campaigns, to be a governor you can spend up to N1 billion, to be senator you can spend up to N500 million and this is extreme monetisation of politics.

“These are other provisions that the members of the National Assembly need to consider and drastically reduce otherwise, or they will turn our democracy to plutocracy, which is government for the rich.”

He said the electoral transmission of results will reduce the rate of election fraud in Nigeria.

He spoke in an interview with newsmen on the sideline of the ongoing ECOWAS Parliament’s High-level Seminar on Thursday in Winneba, Ghana.

The Seminar themed “Two Decades of Democratic Elections in ECOWAS Member States: Achievements, Challenges, Challenges and the Way Forward” seeks to proffer solutions to electoral inconsistencies in Member States.

Jega, who commended the passage of the bill by the National Assembly which now gives INEC power to transmit results electronically, said it was a positive development ahead of 2023 elections.

He stated that it was one of the legal frameworks that would guarantee credible elections in the country.

“I have no doubt that Nigeria has the competence and capacity to deeply electronic transmission of result.

“Since 2012, INEC has been piloting an electronic transmission of result system with robust software, with robust security, and they have piloted it in many elections.

“I am happy now that the National Assembly has agreed for this to be done and has created the legal framework

“One of the major areas where fraud takes place in the elections of Nigeria is in the transmission of results manually.

“From the polling units, to the ward level, to the constituency level, electronic transmission of result will wipe this out,” Jega said.

Jega also urged Nigerians to trust the new process, adding that it is wrong to assume that results will not be accurately transmitted without a 100 per cent network coverage.

He said that even in developed countries, they are sometimes confronted with the challenge of poor network, but once 70 per cent of results can be transmitted electronically, it is a pass.

“It is wrong to assume that if you cannot have 100 per cent coverage internet coverage then you cannot do electronic transmission of results, who says so?

“If you can do it in 80 per cent of the polling units, or even 70 per cent, it is still an A and you will have eliminated fraud in 70 per cent or 80 per cent of the polling units in terms of transmission.

“Even in developed countries, there are still areas where you can have challenges of internet connectivity.

“We have to accept that in these modern times, we can use technology to improve the integrity of elections and it is the only way to go,” Jega added.