Thursday, July 23, 2026

Shady moneybags invest in elections to make more money: Obaseki

“Generally, the hyper-commercialisation of the political process makes the system inaccessible to people with honest intentions.”

• March 23, 2022
Godwin Obaseki
Edo governor Godwin Obaseki (Photo Credit: @GovernorObaseki)

Governor Godwin Obaseki of Edo State says Nigeria’s political system was not designed to attract selfless service, as politicians only delve into it for financial gains.

Mr Obaseki stated that most high-ranking politicians invest in elections with funds obtained through illegitimate sources.

“What we have is a situation where politics mostly caters for actors with resources, most of which were not legally earned, who invest in it and expect huge personal returns,” he said.

The governor’s views were contained in a lecture with the topic: “Making Politics Work For Citizens And Development: The Edo State Experience”, delivered at the Nigerian Institute of International Affairs (NIIA), Lagos.

Mr Obaseki also stressed that many accomplished professionals run away from politics for reasons ranging from its negative perception, the high cost of the electioneering process and the proliferation of political parties with no clear ideology.

He added, “Generally, the hyper-commercialisation of the political process makes the system inaccessible to people with honest intentions and capacity to deliver value.”

Mr Obaseki also observed that Nigeria had, over the years, hinged political growth on the rise of influential individuals, who are expected to use their strong personalities to stir the nation in pursuit of progress.

The governor emphasised the need for Nigeria to build strong institutions that would protect the national interest, pointing out that solid figures in politics usually create the “godfather” syndrome, thereby limiting institutions’ strength and hindering productivity.

He also opined that the unitary federalism the nation was running had made many leaders lazy and solely dependent on the federal purse.

“With the concentration of resources and power at the centre, federating units become absolutely dependent on the centre, thereby losing creativity and drive to generate internal resources toward becoming economically viable sub-nationals,” he said.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Ted Cruz and Tinubu

NationWide

Bola Tinubu busy paying U.S. lobbyists as more Christians are killed in Nigeria: Senator Ted Cruz

Mr Cruz said, “Instead of responding to American concerns, Nigerian officials waged a public relations campaign against critics.”

President Nicolás Maduro

World

U.S. sets June 2027 trial date for ousted Venezuelan president in drug trafficking case

Mr Maduro and his wife face possible life sentences if a jury finds them guilty of conspiring to send cocaine into the United States.

Trump with Crown Prince Mohammed bin Salman

World

U.S. signs landmark nuclear deal with Saudi Arabia

The agreement came after Saudi Crown Prince Mohammed bin Salman visited Washington in November.

Social media

World

France approves social media ban for children under 15

President Emmanuel Macron welcomed the development amid concerns about the impact of social media on children’s cognitive development.

Oil Barrels

Economy

Global oil prices rise again amid renewed U.S.-Iran attacks

Since the conflict erupted between the U.S. and Iran in February, the cost of global crude has jumped by almost 33 per cent.

Nigerian Senate

NationWide

Finance Probe: Senate moves to compel CBN, NNPC, TETFund to honour invitations

The Senate warned that continued non-compliance undermines legislative oversight and fiscal accountability.