The Anambra State Governor, Chukwuma Soludo on Friday claimed that President Bola Tinubu-led government inherited an economy he described as “dead horse but standing”.
Soludo made this claim while analysing Nigeria’s macroeconomics during an interview on Channels TV.
The former Central Bank of Nigeria Governor spoke on President Tinubu’s stance against spending 90 per cent of the country’s revenue on external debt service.
He said, “This government inherited, from a macroeconomic standpoint, I would say the economy was like a dead horse but standing, in macroeconomic terms and modelling through this over the coming months we will bumpy, no question about it.”
According to Soludo, his position was in “empathy and commiserations” for Tinubu’s economic team.
Soludo added, “But I am glad that at least, the first salvos by the president, by his courageous step to remove the obnoxious scam that has festered over the years called petrol subsidy and then dealing with the exchange rate.”
President Tinubu Met Nigeria’s Economy In Bad State – Minister Of Finance, Wale Edun Reveals
In a related development, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said President Tinubu inherited a bad economy with an unacceptably high unemployment rate.
OsunDailyNG reports that Edun made this known on Monday while fielding questions from journalists at the end of the inaugural Federal Executive Council, FEC, meeting, presided over by President Tinubu at the Council Chamber, Presidential Villa, Abuja.
He said that Tinubu’s administration met an awful economy with 24 per cent inflation and a high rate of youth unemployment
