NLNG dividend delay hurting states – Makinde
Governor Seyi Makinde of Oyo State has raised fresh concerns over the withholding of Nigeria LNG (NLNG) dividend funds meant
Nigeria LNG Limited, jointly owned by the federal government (through NNPC), Shell, TotalEnergies and Eni, is one of the country's largest sources of non-oil revenue, with dividends and taxes paid into government coffers running into billions of dollars annually. A portion of these earnings is routed to states, making NLNG payouts an important, if often opaque, component of subnational budgets alongside federal allocations from the monthly FAAC disbursements.
Governor Makinde's remarks add to recurring friction between states and the federal government over revenue-sharing and the timeliness of disbursing funds states consider rightfully theirs. The coverage is consistent on the core claim — that NLNG dividend funds owed to states have been withheld, with Channels TV citing a specific figure of ₦250 billion expected per state and a claim that payment may be delayed until after the 2027 elections. None of the reports yet include a federal government or NLNG response, nor detail on why the funds have been held back or whether other governors share Makinde's concerns.