The Chairman of the Committee, Professor Mahmood Yakubu, told the Electoral Affairs Committee of the House of Representatives in Abuja that the early preparation was to guard against the inactivity of INEC.
The current federal government led by the Progressive Congress is barely 26 months longer than its four-year term.
Yakubu was in the National Assembly to defend the 2017 budget of the election arbitrator.
The committee is chaired by a member of the APC of Gombe State, Ms. Aisha Dukku.
Yakubu said that a “strategic plan” for the elections had been drawn up and refined to determine the financial implications of the polls.
The presidential, National Assembly and House of Assembly elections will be held in 2019, while the governance vote will be conducted in 29 states of the federation in the same year.
Yakubu informed legislators that the strategic plan was being discussed at different levels of government, particularly the executive arm.
He explained that part of the plans was to develop the budget for the elections, starting with a request for supplementary budget to be submitted to the National Assembly later this year.
Yakubu added that in 2018 there would be a full budget for the 2019 polls in addition to the regular budget of the commission.
The president of INEC added: “At this point we can not put a figure on the budget for the elections (2019) until we complete the validation process of the strategic plan.
“Therefore, we are likely to approach the executive and the National Assembly for the supplementary budget in 2017.
“The extra aspect should incorporate something for the elections and in 2018 we will have it in the main proposals.”
The Budget Office has given NEC $ 45 billion to start operations this year.
Yakubu said that N20.9bn of the figure would enter the staff cost while an additional N19.1bn was proposed for the elections that would be conducted this year.