Makinde Raises Questions Over ₦250bn NLNG Dividend Claims, Alleges FG Plans Post-2027 Election Payment

Oyo State Governor Seyi Makinde has raised concerns over the alleged delay in distributing Nigeria LNG Limited (NLNG) dividend funds to state governments, questioning whether political considerations surrounding the 2027 general elections are being placed above the developmental needs of Nigerians.

Makinde reportedly made the remarks on Friday, October 16, 2026, during a stakeholders’ engagement on Oyo State’s 2027 budget in Ibadan. He claimed that states were expecting substantial payments from NLNG dividends but alleged that the Federal Government had spent the money and that payments to governors might not be made until after the 2027 elections. The allegations have raised questions about the management of public revenue and the financial expectations of state governments.

Makinde Raises Questions Over Billions Expected by States

According to Makinde, each state should be receiving approximately ₦200 billion from the NLNG dividends. He expressed concern that the expected funds had not been made available to the states, which he said had been planning to use the money to support development projects and expand their economies.

The governor alleged that the Federal Government had already spent the funds and questioned reports that state governors would have to wait until after the 2027 general elections before receiving their expected payments. However, the precise amount due to each state, the current status of the funds and the circumstances surrounding the alleged delay require independent verification. The Federal Government’s response to these specific allegations was not available in the reports reviewed.

2027 Elections and the Question of Development

Makinde’s central concern was whether the approaching elections should influence the timing of payments that state governments believe they are entitled to receive. His remarks have brought renewed attention to the relationship between federal financial management and the ability of states to plan and execute development projects.

State governments depend on predictable revenue flows to finance infrastructure, healthcare, education and other public services. If substantial funds expected by states are delayed, governors may face difficulties implementing planned projects. Nevertheless, determining whether the alleged delay is connected to the 2027 elections would require further evidence, including clarification from the relevant federal authorities and financial records showing the status of the dividends. Makinde’s allegations have placed the management and distribution of NLNG dividend funds under public scrutiny. His comments raise an important question about transparency, accountability and the financial relationship between the Federal Government and the states.

However, the claims that the money has been spent and that payment will be postponed until after the 2027 elections should not be treated as established facts without confirmation from the appropriate authorities. A clear explanation of the funds’ status, the amount due to each state and the expected payment timeline would help Nigerians understand the dispute.

OGM News NG will continue to follow developments concerning the alleged NLNG dividend delays and their implications for state finances and public development.