Plateau State Governor, Caleb Mutfwang, has said President Bola Tinubu inherited a Nigerian economy on the brink of collapse from the administration of former President Muhammadu Buhari in 2023.
Mutfwang made the remarks on Monday, November 2, during the inauguration of the All Progressives Congress (APC) Campaign Council in Jos, Plateau State, where he defended the Federal Government’s economic reforms and urged residents to support Tinubu’s re-election bid in 2027.
The governor claimed that Nigeria was struggling to meet its external debt obligations, while foreign businesses, including international airlines, faced difficulties repatriating their earnings because of limited access to foreign exchange.
He further alleged that the previous administration printed more than ₦30 trillion to finance government spending, adding that the country’s external reserves had fallen to slightly above $3 billion before Tinubu assumed office.
Mutfwang, however, claimed that the reserves had since risen above $50 billion, describing the development as evidence of improved economic management under the current administration.
He also defended the removal of the petrol subsidy, alleging that the previous system involved fraudulent claims and payments. He acknowledged, however, that the reforms had increased the cost of living, stating that fuel was now more readily available but remained expensive.
The governor said his administration was introducing measures to cushion the impact of economic adjustments in Plateau State, including metro buses, a revived railway service in Jos and reductions in tertiary institution fees.
He also acknowledged continuing challenges involving hunger and insecurity, while appealing for public patience.
Mutfwang’s comments were made at an APC campaign event, where he declared support for Tinubu’s 2027 re-election bid and called on party members to communicate the administration’s record to voters.
