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Nigeria’s Presidency disputes Makinde’s 250 billion naira claim

By , based on Punch

Map: Nigeria

Nigeria’s Presidency has rejected as false Oyo State Governor Seyi Makinde’s claim that 250 billion naira in Nigeria LNG dividends would be withheld for each state until after the 2027 election. It says a total of 9 trillion naira for the 36 states would exceed the company’s cumulative payments to the Federation, according to a statement by Bayo Onanuga, presidential adviser on Information and Strategy, reported by Punch.

Nigeria’s Presidency has described as false the claim by Oyo State Governor Seyi Makinde that the federal government is withholding 250 billion naira in dividends from Nigeria LNG Limited, the Nigerian gas company, for each state until after the 2027 election. It urged the public to disregard the claim in a statement issued on Sunday.

According to Bayo Onanuga, the Nigerian president’s special adviser on Information and Strategy, the figure cited would exceed all the dividends Nigeria LNG Limited has paid to the Federation since the company was established. The Presidency also called on Seyi Makinde, the Allied People’s Movement’s presidential candidate, to show greater restraint in his public statements.

Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.

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