This was contained in a memo titled “Financial report for 2016, 2017 and presentation of 2018 budget to the National Caucus” on Friday.
The budget, which was prepared and presented to the APC National Caucus by the party’s National Treasurer, Alhaji Bala Gwagwarwa, also proposed that the party should spend N400m for election expenses and N500m to procure vehicles. Other expenses include: Grants to states/ zones, N400m; membership registration, N25m; women/ Youth activities, N2m; legal costs, N2m, and N2.48bn was earmarked for reimbursement to states and zones.
The party intends to finance this budget largely from the nomination fees, fundraising, levies on elected and appointed office holders and the sale of party membership cards. SHARE THIS STORY USING ANY OF THE BUTTON BELOW ⬇ PLACE YOUR TEXT ADVERT BELOW ⬇⬇⬇
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