APC Doesn’t Have Money, Relies On Elected Members For Funds – NWC Member

A member of the National Working Committee (NWC) of the ruling All Progressives Congress (APC), Mr Dayo Israel, has disclosed that the party is broke and is relying on the Presidency, governors and other elected officials to fund its activities ahead of the 2027 general elections.

Mr Israel, the APC National Youth Leader, made the revelation on Wednesday in Abuja at the newly established Youth Resource Centre, designed to mobilise young and female voters for President Bola Tinubu’s re-election bid.

The Tide source reports that the APC had in recent months generated significant revenue from the sale of expression of interest and nomination forms for various elections. In February, the party raised N350 million from governorship aspirants in Anambra State, with nomination forms priced at N40 million and expression of interest forms at N10 million, respectively.

Similarly, ahead of the 2026 FCT Area Councils elections, the party fixed its chairmanship forms at N20 million and councillorship forms at N2.5 million. For last year’s Edo governorship election, each aspirant paid N50 million, generating at least N600 million for the party.

In the 2023 off-season governorship elections in Kogi, Bayelsa and Imo states, the APC made over N1.3 billion from form sales. During the 2023 general elections, the party reportedly earned more than N29 billion from aspirants nationwide, with presidential forms pegged at N100 million, governorship at N50 million, senatorial at N20 million and House of Representatives at N10 million, respectively.

Despite these revenues, Mr Israel said the party’s coffers were dry.

“Of course, it’s going to cost money,” he told reporters.

“Here at the resource centre, we need to pool our resources. We have to raise funds personally to even start what we’re doing here. We all know that the party doesn’t have money. We know that the party has to rely on the government, the administration, the president and our governors to support us. That is the reality.

“The party doesn’t generate income apart from maybe during elections, and it has a lot of overhead and other expenses. So there is a lot for us to do. I can tell you that this year, the youth wing has not received one naira from our mother party in any form.

“But we are young people, creative and innovative. We have a duty to support the president, who has appointed many of us into positions. We have to show appreciation by working together to help him, because he cannot do everything alone. We hope that as we impact more lives, we will attract more support for the president and the party”, he said.

When contacted, APC National Director of Publicity, Bala Ibrahim, described Mr Israel’s remarks as an internal matter that should not be “overflogged”.