Embracing A New Order: Assessment of the Implementation of 2022 Electoral Acts on Campaign Finance of Political Parties in Nigeria

Worldwide, fund is a life-wire of every successful organization and integral part of every electoral processes. Campaign finance is a prevailing issue of concern with potential implications on the Nigeria democracy. Finance is one of the important elements of campaign strategy adopt by all political parties in Nigeria to win election. However, the electoral acts review of 2022 present a diverse challenge with far-reaching implications for the nation’s democracy, transparency, integrity and accountability in the electoral process. This study seek to ex-ray the effect of 2022 Electoral Act on Campaign Finance of Political Parties in Nigeria with the specific objectives to; ascertain the factors influencing campaign finance practices among the political parties in Nigeria, assess the effects of transparency and accountability in campaign finance on public trust and to highlight the challenges confronting political parties in complying with campaign finance regulations. The study is theoretical based with focus on secondary source of data. Rational choice theory by Becker, (1983) and Downs, (1957) was adopted. The study identifies diverse factors responsible for finance campaign practices in Nigeria, it also highlights the effects of transparency and accountability on campaign finance on public trust and the study highlighted challenges confronting political parties in complying with campaign finance regulations. The study recommended that government should enhance and improve on regulatory oversight and enforcement mechanisms to ensure compliance with campaign finance regulations, promoting public awareness and education about campaign finance regulations is essential to foster transparency and accountability in political finance practices. Keywords: Accountability, Campaign finance, Influence, Political party, Transparency, Public, Trust, Regulations