The article below was written when PDP held sway. But, has anything changed since then?
Influence of Big Money In Nigerian Politics, By Bámidélé Adémólá-Olátéjú
Politics is speech, money is also speech, but whose money speaks in politics? In politics, money is not just speech, money is power! It was revealed that Mr. Jonathan spent N2trillion on his failed campaign to secure his return to office. We have no idea how much the All Progressives Congress (APC) spent on the campaign trail for General Buhari to win for comparison. However, we witnessed the open bribery of monarchs, Church leaders, community leaders, militants and anyone they could find.
The issue of campaign finance is a difficult one in politics. It is more difficult in a country with a high index of intergenerational poverty like Nigeria. The high cost of political campaign for office seekers and the present ways of meeting the costs ties the hands of elected officials because they must recoup their investments by pandering to the whims of moneybags, godfathers and special interests who funded their campaigns. A politician cannot represent the interests of his or her community/constituency when he has solicited and taken contributions from special interests to finance a costly election. Such politician can only be governed by a sense of obligation to his/her benefactors. From the 2015 campaigns at all levels, we have seen that the infusion of cash has great ability to influence electoral outcomes.