{"id":6621,"date":"2026-11-02T14:46:26","date_gmt":"2026-11-02T14:46:26","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/02\/buhari-govt-sold-future-crude-tinubu-paying-debt-mutfwang\/"},"modified":"2026-11-02T14:46:26","modified_gmt":"2026-11-02T14:46:26","slug":"buhari-govt-sold-future-crude-tinubu-paying-debt-mutfwang","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/02\/buhari-govt-sold-future-crude-tinubu-paying-debt-mutfwang\/","title":{"rendered":"Buhari govt sold future crude, Tinubu paying debt \u2014 Mutfwang"},"content":{"rendered":"<p>Plateau State Governor, Caleb Mutfwang, has accused the administration of former President Muhammadu Buhari of selling crude oil before it was extracted, saying the President Bola Tinubu-led government is still paying the resulting debts.\n<\/p>\n<p>Mutfwang spoke on Monday at the inauguration of the All Progressives Congress Campaign Council for the 2027 general elections at Government House, Rayfield, Jos.\n<\/p>\n<p>He blamed the previous administration for the economic challenges inherited by Tinubu in 2023, arguing that the current government needed time for its reforms to yield results.\n<\/p>\n<p>\u201cPart of the problem of the Buhari regime is that they got to a point that they didn\u2019t know what to do, so they sold our future crude.<\/p>\n<p>\u201cThe crude we are yet to dig from the ground has been sold in advance. And today we are paying that debt. And so we cannot expect things to simply change overnight,\u201d he said.\n<\/p>\n<p>The governor also described the fuel subsidy regime under the previous administration as a national fraud, arguing that the government had borrowed money to pay fraudulent claims.<\/p>\n<figure id=\"attachment_2179824\" aria-describedby=\"caption-attachment-2179824\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2179824\" src=\"https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313.webp\" alt=\"Tinubu and Buhari\" width=\"1376\" height=\"741\" srcset=\"https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313-300x162.webp 300w, https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313-313x169.webp 313w, https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313-640x345.webp 640w, https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313-255x137.webp 255w, https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313-150x81.webp 150w, https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313-60x32.webp 60w, https:\/\/punchng.com\/wp-content\/uploads\/2026\/07\/Tinubu-Buhari_1782931313.webp 650w\" sizes=\"auto, (max-width: 1376px) 100vw, 1376px\"\/><figcaption id=\"caption-attachment-2179824\" class=\"wp-caption-text\">President Bola Tinubu and late former president Muhammadu Buhari. Photo: State House<\/figcaption><\/figure>\n<\/p>\n<p>\u201cWhen the President took over at that time, there was a national fraud that was taking place called fuel subsidy. I say it was a fraud because we were borrowing money to pay people who brought fictitious documents. They never brought any wealth.<\/p>\n<p>\u201cThey brought fictitious documents, claimed money and subsidies. You cannot continue to borrow money to give to thieves. You have to stop it at some point. And when it is stopped, there will be a payback; there will be a recovery time,\u201d Mutfwang stated.<\/p>\n<p>He said the removal of the subsidy had helped improve fuel availability, although prices remained high.\n<\/p>\n<p>\u201cToday, by the grace of God, we have solved one side of the equation. Today fuel is available. It may not be cheap, but it is available.\n<\/p>\n<p>\u201cThose of us who are of my age bracket or little below will remember the times when we spent days in petrol stations queuing for fuel that we could hardly get. But we have been able to resolve that,\u201d he said.\n<\/p>\n<p>Mutfwang also defended the Tinubu administration\u2019s economic policies, claiming that Nigeria\u2019s external reserves had risen above $50bn.\n<\/p>\n<p>\u201cWhere did President Tinubu meet Nigeria in 2023? He met Nigeria tottering on the brink of collapse; Nigeria that could not service its external debts; Nigeria that would not even allow businesses outside the country to take their proceeds back home.\n<\/p>\n<p>\u201cAnd that is why some international airlines stopped flying to Nigeria, because they could not get the dollars to take back their money. Our external reserve was down to just a little over $3 billion, from the over $40 billion it had accumulated for decades. Today, by the grace of God, we have a healthy external reserve of over $50 billion,\u201d he said.<\/p>\n<p>The governor listed measures introduced by his administration to cushion the impact of economic hardship, including Tin City Metro buses, the revival of rail services within Jos, a 50 per cent reduction in tuition fees at state-owned tertiary institutions and a 300 per cent increase in student allowances.\n<\/p>\n<p>He also cited the Nigerian Education Loan Fund as a Federal Government intervention benefiting Plateau indigenes studying in tertiary institutions.\n<\/p>\n<p>On the 2027 elections, Mutfwang urged Nigerians to support Tinubu\u2019s re-election, arguing that power should rotate between the North and South.\n<\/p>\n<p>\u201cWe must agree that power should rotate between the North and the South. And if the North spends 8 years, which we have nothing to show for, it is only fair that we allow the South to do another 8 years. Because if we don\u2019t respect that sharing arrangement, it will come back to haunt us someday,\u201d he said.\n<\/p>\n<p>He expressed confidence that the APC would win in Plateau State, urging party members to focus on grassroots mobilisation and peaceful, issue-based campaigns.\n<\/p>\n<p>Earlier, the Director-General of the Mutfwang\/Piyo 2027 Governorship Campaign Council, Sir Joseph N. Ari, said the council had received expressions of support from 115 support groups and pledged to conduct a campaign guided by discipline, teamwork and responsibility.\n<\/p>\n<p>Ari urged party members to turn out on November 14, 2026, to welcome President Tinubu, Vice President Kashim Shettima, APC National Chairman Professor Nentawe Yilwatda and other national party leaders.<\/p>\n<p>Plateau State APC Chairman, Rufus Bature, described the inauguration as a significant step towards building a coordinated campaign structure for the 2027 elections.\n                    <\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Punch Newspapers &#8211; Latest News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Plateau State Governor, Caleb Mutfwang, has accused the administration of former President Muhammadu Buhari of selling crude oil before it was extracted, saying the President Bola Tinubu-led government is still&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6621","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=6621"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/6621\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=6621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=6621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=6621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}