Oyo Governor Seyi Makinde Accuses Federal Government of Withholding NLNG Funds
On Sunday, the Presidency and Oyo State Governor Seyi Makinde engaged in a dispute regarding allegations that the federal government is withholding N250 billion in dividends from the Nigerian Liquified and Natural Gas (NLNG) due to each state. Governor Makinde, speaking at the 2027 Budget Stakeholders’ Consultative Engagement at the University of Ibadan, claimed the funds would not be released until after the 2027 elections, questioning the prioritization of elections over the welfare of Nigerians.
In response, presidential spokesperson Bayo Onanuga stated that Makinde's claims were false and should be disregarded. He explained that distributing ₦250 billion to each of the 36 states would require NLNG dividends to exceed ₦33.68 trillion in a single payout, which has never occurred.
The Presidency noted that NLNG has paid approximately $21.5 billion in dividends over 25 years, with less than $3 billion since President Bola Tinubu took office. The Presidency urged Makinde to present verifiable facts rather than misleading claims.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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