Nigerian Newspapers Review: Presidency and Makinde Clash Over N250 Billion in NLNG Dividends

Author: vanguardngr.comPublished on: October 19, 2026Country: Nigeria
PoliticsBusiness & Economy
Nigerian Newspapers Review: Presidency and Makinde Clash Over N250 Billion in NLNG Dividends

The Presidency rejected Oyo State Governor Seyi Makinde’s claim that the federal government was withholding N250 billion in NLNG windfall dividends for each state. Senator Rabiu Musa Kwankwaso, vice-presidential candidate of the Nigeria Democratic Congress, ruled out withdrawing from the 2027 presidential race in favour of the ADC. Vanguard also reported that electricity distribution companies’ revenue climbed from N218.16 billion in the first half of 2018 to N1.2 trillion in the same period of 2026, while The Guardian reported that rents are rising faster than household incomes. The Punch said the federal government disputed the World Bank’s assessment of Nigeria’s debt position, and The Nation reported that the NDC withdrew recognition of its chapters outside Nigeria.

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