From Premium Times Nigeria · Abubakar Abdulrasheed · · 1m 40s
Oyo Govt Challenges Tinubu on NLNG Dividends
Oyo State demands explanation for $3bn NLNG dividends distribution under Tinubu administration.
In brief
Oyo State demands explanation for $3bn NLNG dividends distribution under Tinubu administration. Oyo State government claims federal government withheld $3bn NLNG dividends under Tinubu, demanding reconciliation of N9 trillion shortfall. Originally reported by Premium Times Nigeria.
Oyo State Government Challenge
Oyo State government challenges presidency to explain distribution of $3bn NLNG dividends received under Tinubu administration.
NLNG Dividend Shortfall Claim
Oyo State claims N9 trillion shortfall in NLNG dividends owed to states and local governments.
Presidency Response
Presidency rejects Oyo State's claim that federal government withheld NLNG dividends due to states.
Reconciliation Exercise
NGF engaged consultant to reconcile NLNG dividend payments identifying N9 trillion shortfall.
Presidential Spokesperson's Claim
Presidential spokesperson says N9 trillion claim would require NLNG to pay over N33.68 trillion to states.
Historical NLNG Payments
NLNG paid approximately $21.5 billion in dividends to federation over past 25 years.
Current NLNG Distribution
Presidency states less than $3 billion received under Tinubu administration.
Oyo's Distribution Questions
Oyo government asks how states and local governments received their shares of NLNG dividends.
Oyo's Claim Validity
Oyo government defends figures as having basis for claims about NLNG dividends.
Presidency's Lack of Detail
Presidency did not provide transaction-by-transaction reconciliation of dividend proceeds.
Oyo Governor's Political Role
Oyo Governor Seyi Makinde is presidential candidate for 2027 election in All Progressives Congress.
Oyo Governor's Position
Oyo Governor Makinde is incumbent vice-chairman of Nigeria Governors' Forum.
Presidential Response Details
Presidency states NLNG paid $21.5 billion to federation over past 25 years with less than $3 billion under Tinubu.
The main idea
Oyo State government claims federal government withheld $3bn NLNG dividends under Tinubu, demanding reconciliation of N9 trillion shortfall.
