Withholding of NLNG dividend hindering states’ progress – Makinde
The presidential candidate of the Allied Peoples Movement, APM, and Oyo State Governor, Seyi Makinde, has said the failure of states to receive their share of Nigeria LNG, NLNG, dividends is hindering development planning and infrastructure investment across the federation. Makinde said the delay had dealt a major setback to subnational development, forcing states to […] Withholding of NLNG…
Oyo State Governor Seyi Makinde has criticized the withholding of Nigeria LNG (NLNG) dividends, arguing that it is impeding development planning and infrastructure investment across Nigeria. At a budget stakeholders' consultative engagement in Ibadan on Friday, Makinde stated that each state is entitled to ₦250 billion in NLNG dividends, but the funds have been delayed until after the 2027 general elections.
This has forced states to postpone planned infrastructure projects, according to Makinde. He questioned the prioritization of the election over the people of Nigeria, asserting that withholding the funds until post-election undermines economic and social development.
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- NLNG dividend delay hurting states – Makinde businessday.ng
