The ruling All Progress Congress has finally revealed its major source of funding which is the basic amount levied on its millions of members.
The All Progressives Congress (APC) says its main source of finance is the N100 registration fee from about 12.7 million members in its data base.
Lawal Shuaibu, deputy National Chairman of the party, said this on Thursday while briefing reporters at the national secretariat of the party in Abuja.
Shuaibu said the registration fee goes a long way in helping the ruling party meet its needs according to The Cable.
“We have a credible source of funding; every member of APC in this country is expected to pay N100. So far, on our data base, we have 12.7 million registered members,” he said.
“Others are still waiting for us to just open our portal to do their membership registration.
“Assuming those on our data base paid their membership levy, just multiply N100 by 12.7 million members and you know how much we get. So, we have our way of sourcing for fund.”
On the recent outburst of a Kano-based chieftain of the party about President Muhammadu Buhari’s administration, Shuaibu said “that man who claimed to be our chairman in Kano is unknown to us as a party”.