Published • loading... • Updated
Makinde’s Claim Of FG Withholding ₦250b NLNG Dividend Windfall Is False — Presidency
The Presidency said the claim conflicts with NLNG’s dividend history, noting less than $3 billion has been realized since President Bola Ahmed Tinubu took office.
- The Presidency dismissed Oyo State Governor Seyi Makinde's claim on Sunday that the Federal Government is withholding ₦250 billion in Nigeria Liquefied Natural Gas dividends for each state, describing the allegation as false.
- Makinde, the Allied People Movement presidential candidate, alleged during a Friday consultative engagement in Ibadan that the Federal Government delayed payment until after the 2027 elections to expand Oyo State's economy.
- Onanuga noted that distributing ₦250 billion to each of the 36 states would total ₦9.0 trillion, whereas Nigeria Liquefied Natural Gas has paid approximately $21.5 billion in dividends over 25 years total.
- Urging Nigerians to disregard the claims, the Presidency stated Makinde "should desist from making falsehoods" his campaign hallmark, noting he previously described Federation Account flows as "voodoo."
- Since President Bola Ahmed Tinubu assumed office, less than $3 billion in dividends has been realized, a figure the Presidency cited to demonstrate the mathematical impossibility of Makinde's payout expectations.
Insights by Ground AI
18 Articles
18 Articles
FG not owing States N9trn NLNG funds, Presidency blasts Makinde - THE AUTHORITY NEWS
By Chesa Chesa The Presidency has dismissed Oyo State Governor Seyi Makinde’s claim that the Federal Government is withholding ₦250 billion in Nigerian Liquefied Natural Gas (NLNG) dividends for each state until after the 2027 general elections. In a statement issued on Sunday, Bayo Onanuga, Special Adviser to the President...
Presidency Dismisses Makinde’s Claim of ₦250bn NLNG Dividend for Each State
The Presidency has dismissed claims by Oyo State Governor Seyi Makinde that the Federal Government is withholding ₦250 billion in Nigeria LNG Limited (NLNG) dividends meant for each state of the federation until after the 2027 general elections. The Presidency described the claim as false, urging Nigerians to disregard what it called misleading information about …
Coverage Details
Total News Sources18
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
To view factuality data please Upgrade to Premium
