PRESIDENCY RESPONDS TO GOVERNOR MAKINDE’S CLAIM ON NLNG DIVIDENDS
The Presidency refuted Governor Seyi Makinde's claim that the Federal Government is withholding ₦250 billion in NLNG dividends per state until after the 2027 elections, calling it false. They explained that such a payout would require over ₦33.68 trillion in total NLNG dividends in one go, far exceeding the company's actual lifetime payments of about $21.5 billion over 25 years.
Pidgin: Presidency don refute Governor Seyi Makinde claim say Federal Government dey hold ₦250 billion NLNG dividends for each state until after 2027 election, dem talk say na lie. Dem explain say such payout go need over ₦33.68 trillion total NLNG dividends for one time, e pass the company real lifetime payment of about $21.5 billion for 25 years.
How this affects you: No direct impact stated in source.
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