Abstract: The study investigates the implications of naira redesign on vote buying in the 2023 general elections among voters in Oyo State. The study was anchored on Rational Choice Theory, Social Exchange Theory, and Game Theory. A cross-sectional survey research method was adopted, while questionnaires were adopted to elicit responses from the respondents. However, with the aid of tables, descriptive statistics (frequency and percentage) was used to analyze the data collected from the respondents. The findings indicated that the majority of the respondents (93.6%) claimed that they were aware of vote selling and vote buying in the 2023 general elections, although, the naira redesign curbed it to a high extent. Therefore, many of the respondents (82.3%) claimed that they did not sell their vote. Hence, a sizable number of the respondents (76%) agreed that the common vote-buying incentive usually offered during the elections was money, but the naira redesign made vote-buying out of place during the 2023 general elections. (68%) of the respondents claimed that vote buying was not that much compared to the gubernatorial and state assembly elections. The study recommended that in order to successfully stop election fraud, including vote buying, the Independent National Electoral Commission (INEC) and the Economic and Financial Crimes Commission (EFCC) should build a strategic cooperation framework for effective monitoring of political parties’ campaign money, while the media and civil society organizations must step up their voter education and information campaigns about the drawbacks of vote selling, particularly how it drives up election costs, encourages political corruption, and threatens good governance.
Keywords: NAIRA REDESIGN
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