Money politics and vote buying in Nigeria: implication for foreign direct investment (FDI)

Abstract

This paper investigate Money politics and vote buying in Nigeria: implication for foreign direct investment(FDI) in Nigeria. It employed Marxist Political Economy theory in understanding money politics and vote buying in Nigeria and its FDI consequences. The paper utilized secondary sources of data. It concluded that the embedding transactional electoral practices in Nigeria are mainly due to vote buying and money politics, which in turn produce leaders with little to no popular legitimacy and diminish electoral credibility. The paper recommended that there should be more strict enforcement of Nigeria's electoral laws concerning campaign financing and vote buying. More power should be given to anti-corruption bodies to examine and tackle all financial crimes related to the election and the period after the election.  There should be a genuine and credible policy continuity and the disputes concerning the election are settled, there should be more reinforcement of judicial independence.