{"id":"nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","canonicalSlug":"nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","url":"https://wellficent.com/en/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","language":"en","title":"Presidency disputes claim that each state is owed ₦250bn in NLNG dividends","summary":"The State House says NLNG has paid about $21.5bn in total dividends to the Federation over 25 years.","body":["In an October 18 statement, the Presidency rejected Oyo Governor Seyi Makinde’s claim that the Federal Government was withholding ₦250 billion in Nigeria LNG dividends for each state. Makinde had raised the issue at a 2027 budget consultation in Ibadan on Friday, October 16.","The State House said the proposed amount for 36 states would total ₦9 trillion and that, under the stated Federation Account Allocation Committee formula, states receive 26.72% of distributable revenue. It said NLNG had paid about $21.5 billion in dividends to the Federation over 25 years, with less than $3 billion since President Bola Tinubu took office. These are figures in the Presidency’s rebuttal; the release is not an independent audit."],"keyPoints":[],"sections":[],"text":"Presidency disputes claim that each state is owed ₦250bn in NLNG dividends\n\nThe State House says NLNG has paid about $21.5bn in total dividends to the Federation over 25 years.\n\nIn an October 18 statement, the Presidency rejected Oyo Governor Seyi Makinde’s claim that the Federal Government was withholding ₦250 billion in Nigeria LNG dividends for each state. Makinde had raised the issue at a 2027 budget consultation in Ibadan on Friday, October 16.\n\nThe State House said the proposed amount for 36 states would total ₦9 trillion and that, under the stated Federation Account Allocation Committee formula, states receive 26.72% of distributable revenue. It said NLNG had paid about $21.5 billion in dividends to the Federation over 25 years, with less than $3 billion since President Bola Tinubu took office. These are figures in the Presidency’s rebuttal; the release is not an independent audit.","category":"energy","region":"world","topics":["gas"],"eventDate":"2026-10-16","eventDateBasis":"source-reported event or announcement date","publishedAt":"2026-10-20T15:04:50Z","modifiedAt":"2026-10-20T15:04:50Z","publicationBasis":"first-publication","preparedAt":"2026-10-20T14:56:54Z","sourcePublishedAt":"2026-10-18","translatedAt":"2026-10-20T14:32:39Z","sources":[{"url":"https://statehouse.gov.ng/presidency-responds-to-governor-makindes-claim-on-nlng-dividends/","name":"The State House, Abuja","licence":"No open content-reuse licence stated on the source page.","checkedAt":"2026-10-20","licenseUrl":"https://statehouse.gov.ng/presidency-responds-to-governor-makindes-claim-on-nlng-dividends/","attribution":"The State House, Abuja, report dated 2026-10-18","publishedAt":"2026-10-18"}],"translations":{"en":"https://wellficent.com/en/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","tr":"https://wellficent.com/tr/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","ar":"https://wellficent.com/ar/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","fr":"https://wellficent.com/fr/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","es":"https://wellficent.com/es/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","ru":"https://wellficent.com/ru/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026","pt":"https://wellficent.com/pt/news/nigeria-sector-presidency-nlng-dividends-claim-oct18-2026"},"corrections":[],"locations":[],"type":"news","classification":{"version":"1","dataKinds":["policy-update","corporate-results"],"geographies":[{"role":"economic-scope","countryCode":"NG","subdivisionCode":null}],"evidenceBasis":["reported-observation"],"measurementPeriod":null}}