Presidency challenges Makinde’s ₦250bn-per-state NLNG dividend claim
The Presidency has dismissed allegations by Oyo State Governor Seyi Makinde that the Federal Government is withholding ₦250… The post Presidency challenges Makinde’s ₦250bn-per-state NLNG dividend claim appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .
The Presidency has rejected claims made by Oyo State Governor Seyi Makinde regarding the withholding of a ₦250 billion Nigeria LNG (NLNG) dividend allocation until after the 2027 general elections. The Federal Government described the allegation as false and inconsistent with financial records. Makinde reportedly made the claim during a stakeholder consultation, stating the funds would have supported Oyo State's economic projects.
The Presidency argued that the claimed amount would require an unprecedented NLNG dividend payment of ₦9 trillion, far exceeding the company's historical payouts.
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