ADEKUNLE ADEMOLA ISAAC

Elections are central to democratic governance, yet their integrity is often undermined by the influence of money politics, particularly in developing democracies such as Nigeria. This study examines the political economy of elections with a specific focus on the implications of money politics on voting behavior in Ovia North-East Local Government Area during the 2024 Edo gubernatorial election. Grounded in political economy perspectives, the research explores how financial inducements, vote buying, and clientelistic exchanges shape electoral outcomes and weaken democratic accountability. The study adopts a qualitative approach, drawing on both primary and secondary data sources to analyze the interaction between the supply and demand sides of money politics. It highlights how socio-economic factors such as poverty, weak institutional frameworks, and limited voter education contribute to the persistence of vote buying. The findings reveal that money politics significantly influences voter decision-making, reduces electoral competitiveness, and distorts representation by prioritizing short-term material benefits over long-term policy considerations. Furthermore, the study finds that the prevalence of money politics undermines electoral credibility, fuels political violence, and weakens public trust in democratic institutions. In the context of Edo State, persistent electoral malpractices have contributed to political instability and hindered democratic consolidation. The research concludes that addressing money politics requires a comprehensive approach, including electoral reforms, strengthened institutions, transparency in political financing, and intensified civic education. The study recommends stricter enforcement of campaign finance regulations, improved oversight by electoral bodies, and targeted voter sensitization programs to reduce the demand for vote buying. Ultimately, promoting credible, free, and fair elections is essential for strengthening democracy and ensuring sustainable political and socio-economic development.