Presidency Confirms No ₦250bn NLNG Dividend for States
The Presidency has confirmed that there will not be a ₦250 billion dividend payout from the Nigeria Liquefied Natural Gas (NLNG) to each state. This announcement clarifies expectations regarding financial distributions from NLNG, which is a significant player in Nigeria's oil and gas sector.
The decision may impact state budgets and financial planning, as states had anticipated receiving substantial funds from this payout. The announcement underscores the ongoing discussions and financial management strategies within the Nigerian government regarding resource allocation and revenue sharing from natural gas operations.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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