Oil
Buhari govt sold future crude, Tinubu paying debt — Mutfwang
CEII brief
Punch reported on 2 Nov 2026: Buhari govt sold future crude, Tinubu paying debt — Mutfwang.
Read the full story on PunchPlateau 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.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Punch. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
