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🇳🇬 Nigeria /Elections & Politics

Morning recap: N571bn campaign spending limit, FG spends N30.6tn after subsidy removal, and other top stories

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Nigerian presidential and governorship candidates for the 2027 elections face a collective spending limit of N571 billion under the Electoral Act 2026.
  • The Federal Government has spent N30.64 trillion to mitigate the effects of economic reforms since June 2023, while saving N15.8 trillion.
  • Other top stories include explanations on why a veteran actor cannot be moved for treatment, the jailing of a former Commonwealth champion in Morocco, and a university denying reports of its Vice-Chancellor's arrest.

Candidates vying for the 2027 presidential and governorship elections in Nigeria could collectively spend up to N571 billion, according to the campaign expenditure limits set by the Electoral Act 2026. This figure breaks down into N10 billion for each of the 19 presidential candidates and N3 billion for each of the 127 governorship candidates.

Meanwhile, the Federal Government has reported spending N30.64 trillion between June 2023 and December 2025 to cushion the impact of its economic reforms, including the removal of petrol subsidies. During the same period, the government claims to have generated N15.8 trillion in savings for the Federation. However, the government's additional expenditures have reportedly exceeded available resources by N10.24 trillion.

continue praying for ailing actor Taiwo Hassan, popularly known as Ogogo.

— Jide KosokoAppealing for support for his colleague who is unwell.

In other news, veteran Nollywood actor Jide Kosoko has appealed for continued prayers for his ailing colleague Taiwo Hassan, known as Ogogo. Kosoko clarified that the family is unable to move the actor to alternative facilities despite offers of spiritual and medical assistance, expressing gratitude for public support.

Additionally, former Commonwealth Games 200m champion Leon Baptiste has been jailed in Morocco after being convicted of sexually assaulting a minor. The Federal University Oye-Ekiti has also denied reports circulating about the arrest of its Vice-Chancellor, Professor Joshua Ogunwole, following the Osun governorship election.

the family cannot move the actor to alternative facilities despite offers of spiritual and medical assistance

— Jide KosokoExplaining the family's inability to transfer the ailing actor for treatment.
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Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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