The presidential candidate of the Allied Peoples Movement, APM, and Oyo State Governor, Seyi Makinde, has stated the failure of states to obtain their share of Nigeria LNG, NLNG, dividends is hindering growth planning and infrastructure funding throughout the federation.
Makinde stated the delay had dealt a serious setback to subnational growth, forcing states to place some deliberate infrastructure initiatives on maintain.
He made the remarks on Friday on the 2027 price range stakeholders’ consultative engagement held in Ibadan, the Oyo State capital.
Speaking on the occasion, Makinde stated every state was entitled to ₦250 billion from the NLNG dividends however regretted that the funds had been withheld till after the 2027 basic elections.
He stated the delay had affected the implementation of initiatives recognized to increase Oyo State’s financial system and enhance infrastructure.
Makinde stated, “Each state was speculated to get ₦250 billion. We had already recognized initiatives that will increase Oyo State’s financial system.
“But they have now said the money will not be paid until after the election. Is the election more important than the people of Nigeria?”
The governor argued that withholding the funds till after the elections undermined financial and social growth throughout the states.
