How To Make Money From Politics

How To Make Money From Politics

Today, I will be sharing with you ways of making money from politics. You can make money from politics this season especially as the elections are very near and political campaigns have commenced. Whether you are a business man, a politician, a party member, a social group, there are numerous avenues to make money in politics.

5 Ways To Make Money From Nigerian Politics

Politicians in Nigeria spend billions of Naira in politicking and on campaigns. You benefit from this huge investment if you position yourself right.

Contest In An Election: Candidates are elected in political offices. This is a risk as you may still lose the election even after spending huge sums on campaigns. You can only make money from two ways when you decide to pick an election form. Receiving settlement funds when you step down for a stronger opponent or winning the election.

Create A Relevant Association: Many Nigerians make money by starting a social group that they grow into relevance. If your association has a large base of voting members in your locality, your chances of receiving mobilization or campaign fees is high. This is because politician find it easy to arrange campaigns to convince voters using social units than the general populace. Cost of campaign is usually cheaper and success can be tracked easily. Politicians sometimes finance certain projects of such organizations.

Become A Party Member: Many card-carrying members of political parties make money from mobilization fees that they receive from politicians during campaign period since that is the time most parties tend to share money and mobilization fees. It costs little or nothing to be a member of a party as most parties are open to accept anybody. Even if you don't have money, as long as you can always be available and help in the managing of events, you can make money from commissions paid out for public exercises being carried out by the party to participating members.

political parties in nigeria

Business investor: There are also people who tend to make money from politics without actively participating in politics. What business investors basically do is invest money in a political party by supporting them financially during fund raising events. If the party ends up winning and becoming the government, the business investor would get contracts and or lower taxes and considerations on their business. A good example is Dangote who supported the PDP and the govt has helped his business by making laws that support the local cement industry.

Contractors: Politicians at times require the services of independent contractors to help them do their work and activities more efficiently. It normally includes products and services such as bottled water, food catering, fashion accessories, banners, advertising, logistics and so on. If you can identify and offer them the products and services that they need, you would be able to make some good money too.

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