Isaac Fayose, the younger brother of former Ekiti State governor Ayo Fayose, says the presidential candidate of Labour Party, Peter Obi, needs N50 billion to win the election next year.
Obi, who enjoys large following among young people on social media, will be squaring up against the other major contenders — Bola Tinubu and Atiku Abubakar — who have a pool of resources at their disposal.
In a video seen on Tuesday, Fayose said Obi’s popularity on social media is not enough to secure victory, stressing that the former Anambra State governor lacks the political structure to win the contest.
“Out of all the candidates, Obi is the most popular. If we vote today on social media, he will win. But an election is structure-based. So, Obi will need N50 billion to be able to make that government a reality. N50 billion, yes, Obi will win,” he said.
“Remember, Tinubu is a little bit popular too. He has what they call structure. The structure alone is worth N50bn. He has what they call goodwill. They call him ‘The City Boy’. So where him money no fit reach, him structure go reach, where him structure no fit reach, him popularity go reach.”
“Obi, with N50 billion, will manage to buy his own army to defeat Tinubu,” Fayose added.