By Wole Adedeji, Ilorin
Crowd funding of political parties has been described as the best way to eliminate godfathers in Nigerian politics.
One time Chairman of the Peoples Democratic Party (PDP) in Kwara State and now chieftain of the All Progressives Congress, APC, Chief Iyiola Oyedepo made this assertion in Ilorin, the State capital.
He was presenting a paper titled ‘Fund Raising For Political Purpose’ at the Nations Leadership Institute (NLI) where he is the President on a weekly programme called ‘Political Dialogue.’
The programme is organised by the NLI for over 50 young men and women drawn from the 16 Local Government Areas of Kwara State.
According to him, crowd funding is a financing method that involves funding a project or idea with relatively modest contributions from a large group of individuals rather than seeking substantial sum from a small number of individuals.
His words: “Crowd funding is a democratic way of financing a political party and it creates sense of ownership and participation of members.
“It is a tool of mobilization. It causes focused funding and addresses the issues of godfatherism and dictatorship.
“Fund-Raising for political programmes, such as campaign, elections and publicity is a major instrument of “killing” the godfather syndrome in politics.
“It democratizes politics and ensures that men and women of merit are promoted for elections.
“Crowd funding should be employed as a new instrument of political freedom and development in all ramifications.”
He therefore called and advised leaders of political parties to embrace group fund raising as a way of financing activities of political parties rather than relying on money bags which has been a good experience since 1999.
Chief Oyedepo contended that fund raising is about selling to the prospective donor your organisation’s vision, mandates, programs, budget and ability to carry out the program or project efficiently and effectively.
“Fund raising is a systematic disciplined approach to raising resources from willing supporters,” he said, adding “It is a means of showing your vision and giving people the possibility of response to the understanding of your vision,” he added.
Oyedepo, however, asserted that “without money, nobody can make headway in politics.”