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Government · Daily Trust ·

Where is NLNG dividend?

A dispute exists between the Federal Government and Oyo Governor Seyi Makinde over NLNG dividends. The Presidency states that $21.5 billion has been paid into the Federation Account over 25 years while Makinde claims a reconciliation exercise found an N9 trillion shortfall due to states and local governments.

Pidgin: Na disagreement wey dey between Federal Government and Oyo Governor Seyi Makinde about NLNG dividends. Presidency talk say dem don pay $21.5 billion into Federation Account for 25 years, but Makinde claim say reconciliation exercise wey NGF do find N9 trillion shortfall wey dem suppose give states and local governments.

How this affects you: States and local governments are affected by the alleged N9 trillion shortfall in NLNG dividends identified in the reconciliation exercise.

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