Presidency dismisses Makinde’s claim of N250 billion NLNG dividends per state
The Presidency has dismissed claims by Oyo State Governor Seyi Makinde that the Federal Government is withholding N250 billion in Nigeria Liquefied Natural Gas (NLNG) dividends meant for each of the 36 states, describing the allegation as false and inconsistent with the company’s financial records. The Special Adviser to President Bola Tinubu on Information and […] The post Presidency dismisses…
The Presidency has firmly rejected Oyo State Governor Seyi Makinde's claim that the Federal Government is withholding N250 billion in Nigeria Liquefied Natural Gas (NLNG) dividends meant for each of Nigeria's 36 states. The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, clarified in a statement that Makinde's allegation is false and contradicts NLNG's financial records.
The Presidency explained that revenue from NLNG is distributed among the three tiers of government, making Makinde's claim of N250 billion per state financially implausible. The controversy stems from Makinde's allegations during the 2027 Budget Stakeholders’ Consultative Engagement, where he questioned the Federal Government's delay in distributing these funds until after the 2027 general election.
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- Presidency challenges Makinde’s ₦250bn-per-state NLNG dividend claim ripplesnigeria.com
- Presidency dismisses Makinde over N250bn NLNG dividend claims businessday.ng
