Makinde Claims ₦9 Trillion NLNG Dividends Owed to States

Oyo State Governor Seyi Makinde has reiterated that states and local governments are owed approximately ₦9 trillion in Nigeria LNG (NLNG) dividends. This assertion was communicated through his Special Adviser on Media, Dr Sulaimon Olanrewaju, who stated that the Federal Government's response to the governor's earlier comments failed to address the core issue.

A reconciliation exercise conducted by a consultant for the Nigeria Governors’ Forum (NGF), with Federal Government support, identified this shortfall. The Federal Government accepted the findings, which remain with both the government and the NGF.

Makinde's camp criticized the Presidency for not detailing how NLNG dividends, totaling $21.5 billion since inception, were distributed among federal, state, and local governments. They questioned the amounts received by states and local governments and the distribution of the $3 billion received under the current administration.

The governor's camp expressed readiness to provide further clarification and urged the Presidency to address the reconciliation exercise's findings directly.