The decision was made on Thursday during a plenary session, following a detailed review of proposed changes to the Electoral Act 2022.
Under the new rules, presidential candidates can now spend up to N10 billion on their campaigns, double the previous limit of N5 billion.
Gubernatorial candidates can spend as much as N3 billion, up from N1 billion, while senatorial candidates’ limit has increased from N100 million to N500 million.
The spending cap for House of Representatives candidates has been raised from N70 million to N250 million.
For state house of assembly elections, the limit is now N100 million, up from N30 million.
At the local government level, candidates for chairmanship positions can spend up to N100 million, while councillorship candidates’ limit has increased from N5 million to N10 million.
Lawmakers also approved a higher donation limit for individuals and groups supporting candidates, increasing it from N50 million to N500 million.
These changes are part of ongoing efforts to update the electoral law ahead of the 2027 elections.
On Wednesday, the House also approved a proposal requiring real-time transmission of election results.
The amendments will take effect once the Senate approves them and the president signs them into law.
KanyiDaily also reported that the house of representatives want the federal government to team up with states to control how much landlords can charge for rent.
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