All Progressives Congress (APC) says the N100 million it pegged as the cost of nomination and expression of interest forms was moderate enough for anyone aspiring for the highest office in the country to afford.
Speaking during a Silverbird Television programme, the national publicity secretary of the party, Felix Morka said those seeking to be president must have sufficient financial base to be able to do so.
He said beyond having the base, a presidential hopeful must enjoy enough goodwill to moblise fund to prosecute a successful campaign.
“The ability to raise funds is a clear criterion whether or not you are eligible to participate at the primaries and the debate especially.
“You aspire to run for the highest office in the land, you should have some appeal, some reach to members of the party. Sell your ideas, sell your vision. Forty-five million people giving you N1, do the math and see what it comes to. That is a lot of money. We do have that possibility.
“But for those who have the money already, they are quite welcome to use their own funds. The party has commitments and we do not have any statutory funding as you know.
“Within the context of Nigeria, N100 million is a lot of money. Those who seek the office around the country are expected to have a sufficient base, otherwise why would you aspire to be president, if you are that obscure or unsupportable by your party members and the electorate?”