Oyo State Governor and Allied Peoples Movement (APM) presidential candidate Seyi Makinde recently remarked that development planning and infrastructure investment throughout the federation are being impeded because states are not receiving their fair share of income from Nigeria LNG (NLNG).
The postponement, according to Makinde, has been a huge setback for subnational development since it has compelled states to shelve certain planned infrastructure projects.
He spoke at a consultative engagement for stakeholders in the 2027 budget in Ibadan, the capital of Oyo State, on Friday.
During his speech, Makinde expressed his disappointment that the NLNG dividends, which each state was due ₦250 billion, would not be distributed until after the general elections in 2027.
According to him, the initiatives that were planned to enhance infrastructure and boost Oyo State’s economy have been stalled because of the delay.
“Every state was supposed to receive ₦250 billion,” Makinde stated. Projects that will boost the economy of Oyo State were already in our sights.
On the other hand, they’ve recently stated that the funds will be withheld until following the election. Do Nigerians matter more than the election?
Delaying the distribution of the cash until after the elections, according to the governor, would have a negative impact on the states’ economic and social development.