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    The Nation: FG, States to Share $150 Million NLNG Dividends - Nigeria

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Summary

Nigeria's National Economic Council on Thursday approved the sharing of $150 million from a $400 million NLNG dividend by the Federal and state government.

by: Erica Mills

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Press Notes, Africa

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The Nation: FG, States to Share $150 Million NLNG Dividends - Nigeria

The National Economic Council (NEC) chaired by Vice President Yemi Osinbajo on Thursday approved the sharing of $150 million from $400 million Nigeria Liquefied Natural Gas (NLNG) dividend by the Federal Government and state government.

The Council also approved that the balance of $250 million be invested in the Nigerian Sovereign Investment Authority in order to increase its capital.

Read the full article HERE.

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