“You Need Billions to Run for President” — Femi Falana Raises Concern Over Nigeria’s Political System

Human rights lawyer Femi Falana has sparked debate after claiming that only wealthy Nigerians can realistically contest for the presidency.

In a video making rounds online, he argued that the cost of running for office has made it nearly impossible for ordinary citizens to participate.

What He Said

Falana suggested that the system effectively shuts out:

• Professors

• Workers

• Professionals

Leaving the political space mostly for the rich

Important Clarification

While his statement is gaining attention:

• ❌ There is no official law requiring billions to run

• ⚠️ However, campaign costs are extremely high

This makes it difficult for average Nigerians to compete

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The Reality

Running for president in Nigeria involves:

• Expensive nomination forms

• Campaign spending

• Nationwide mobilization

All of which can cost billions

Final Thoughts

Falana’s statement may not reflect the law, but it raises a serious question:

Is Nigeria’s political system truly open to everyone?

What Do You Think?

Should the cost of politics in Nigeria be reduced to allow more people participate?

"If you look at that law, it's saying if you want to contest for the Presidency of Nigeria, you must have 10 billion naira or I think 5 billion naira. That already excludes professors, workers, lawyers and majority of Nigerians who are not billionaires..."

- Femi Falana (SAN) pic.twitter.com/zlSAqgA0BM

— @𝗼𝗻𝗲𝗷𝗼𝗯𝗹𝗲𝘀𝘀𝗯𝗼𝘆 (@OneJoblessBoy) March 26, 2026