Gov Makinde challenges FG, insists Nigerian govt holding N250bn NLNG dividend
Presidential candidate of the Allied Peoples Movement (APM) and governor of Oyo State, Seyi Makinde has insisted that… The post Gov Makinde challenges FG, insists Nigerian govt holding N250bn NLNG dividend appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .
Oyo State Governor Seyi Makinde has challenged the Federal Government over withheld ₦250 billion NLNG dividends for states in Nigeria. Despite the presidency denying the claim, Makinde stated that the funds would not be released until after the 2027 elections, questioning whether the election holds more importance than the people of Nigeria.
The presidency, however, stated that Makinde's claim was false, and NLNG had never paid $25 billion in dividends to the Federation Account in a single payout. The Federal Government, through the Federation Account Allocation Committee (FAAC), shares 26.72% of the distributable Federation Account revenue among states. Makinde's office claimed that the Federal Government had engaged a consultant to reconcile NLNG dividend payments, identifying a shortfall of ₦9 trillion.
The presidency did not explain how these funds were disbursed or whether the states and local governments received their shares.
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