Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu yesterday presented a budget estimate of N355 billion before the Senate Committee on INEC, led by former Kano State governor, Senator Kabiru Gaya.
The INEC chairman had while presenting his budget projection before the Senate Committee on Appropriation last December, said his commission would require N305 billion as a projected expenditure for the 2023 election, which was subsequently approved.
But at the National Assembly on Wednesday, Professor Yakubu said INEC would need an additional N50 billion for its 2023 annual budget.
In the budget submitted to the Senator Gaya-led committee, the sum of N2.6 billion was earmarked for off-season governorship elections in Kogi, Imo and Bayelsa states, which had been scheduled for November 11, 2023.
It was also gathered that N2.6 billion would be used on expenses such as printing of ballot papers, result sheets, forms and envelopes, logistics expenses, honorarium for officials, supervision, RAC preparation, and security/intervention support, among others.
According to INEC, in the 2023 budget of the agency, N50 million will be spent to buy firefighting equipment, motor vehicles – N150 million, and N250 million to repair offices and residential buildings.