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[POLITICS] · Nigeria · 24 sources

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Part of situation: Dispute over Nigeria LNG dividend allocations (2 clusters)

Nigeria Presidency disputes Makinde's NLNG dividend claims

NLNG dividends revenue sharing Oyo State Federation Account Nigeria politics

The Nigerian Presidency has dismissed claims made by Oyo State Governor Seyi Makinde that the Federal Government is withholding ₦250 billion in Nigeria LNG Limited (NLNG) dividends from each state until after the 2027 general elections.

Bayo Onanuga, Special Adviser to the President on Information and Strategy, characterized the allegations as false and mathematically implausible. He noted that a ₦250 billion allocation to each of the 36 states would total ₦9 trillion, a figure that excludes the Federal Government, the Federal Capital Territory, and 774 local government councils.

Under the Federation Account Allocation Committee (FAAC) revenue-sharing formula, states receive 26.72 percent of distributable revenue. The Presidency argued that for states to receive ₦9 trillion, the total NLNG dividend payout would need to exceed ₦33.68 trillion (approximately $25 billion) in a single declaration. Historical data shows NLNG has paid approximately $21.5 billion in total dividends over the last 25 years, with less than $3 billion realized since President Bola Tinubu assumed office.

Entities

Bayo Onanuga · Bola Tinubu · Federation Account Allocation Committee · Nigeria LNG · Nigeria LNG Limited · Oyo State · Presidency of Nigeria · Seyi Makinde

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Makinde Lied Over ₦250n NLNG Dividends Claim - Presidency [ait.live]
Presidency challenges Makinde over NLNG dividend claim [lagostelevision.com]
NLNG Dividend Row, Presidency Counters Governor Makinde Over Claimed N9 Trillion Withheld Revenue [silverbirdtv.com]
N9 Trillion NLNG Dividends: Makinde Lied Against Tinubu – Presidency [gwg.ng]
Makinde's claim that FG is withholding N250bn due to each state from NLNG is voodoo - Presidency [phenomenal.com.ng]
Presidency responds to Governor Makinde's claim on NLNG dividends [puoreports.ng]
Presidency Challenges Makinde’s Claim of ₦250bn NLNG Dividends for Each State [tgnews.com.ng]
‘It Defies Logic’ — Presidency Reacts as Makinde Claims FG Withholding N9trn NLNG Dividends Meant for States [thepodiummedia.com]
Presidency dismisses Makinde's ₦250bn NLNG dividend claim as false [nationalaccordnewspaper.com]
Presidency Dismisses Makinde’s NLNG Dividends Claim [newscentraltv.com]
Presidency denies withholding N250bn NLNG dividends from states [realnewsmagazine.net]
FG not owing States N9trn NLNG funds, Presidency blasts Makinde - THE AUTHORITY NEWS [authorityngr.com]
Where is NLNG dividend? [dailytrust.com]
Presidency denies withholding N250bn NLNG dividends from states - EnviroNews - latest environment news, climate change, renewable energy [www.environewsnigeria.com]
Makinde, FG Bicker Over N250bn NLNG Dividend Windfall [osundefender.com]
Presidency disputes Makinde’s claim of N250 billion NLNG dividends per state [www.premiumtimesng.com]
Presidency dismisses Makinde’s claim of withheld N250bn NLNG dividends - QED.NG [www.qed.ng]
Presidency Refutes Makinde’s ?250bn LNLG Claim [www.thetidenewsonline.com]
2027: Presidency Counters Makinde’s Claim Tinubu Withholding States’ NLNG Dividends [thewhistler.ng]
Presidency Dismisses Makinde’s ₦250bn NLNG Dividend Claim - Voice of Nigeria [von.gov.ng]
Makinde Questions Federal Share of NLNG Dividends [zalebs.com]
Presidency dismisses Makinde over N250bn NLNG dividend claims [businessday.ng]
Presidency dismisses Makinde’s claim of N250 billion NLNG dividends per state [nairametrics.com]
N250bn NLNG row: Presidency faults Makinde, gov demands answers [punchng.com]