Senator representing Edo north, Adams Oshiomole has said that the Bola Tinubu administration inherited “a terrible economic situation.”
Oshiomole who is a chieftain in the All Progressives Congress APC, stated this while speaking with newsmen after a meeting with Vice-President Kashim Shettima at the Aso Rock on Tuesday, August 15.
The former governor of Edo State said there is no quick fix to the economic challenges confronting the country.
“The issues of the economy is work in progress. There is no quick fix. The government inherited a terrible economic situation. Everybody knows it. The government inherited an economy in which our total national revenue was barely enough to service our debt burden. Nothing can be worse. But they came determined that they will have to do business unusual; to arrest the drift; stabilise the economy and then begin to move forward. Some painful decisions are necessary. It is like any of us that has been unfortunate to have an ailment that requires surgery. If you want to pretend, you can be applying vaseline, perfumes, creams and wear babariga to cover all the manifestations of that disease. But a trained doctor that believes in the ethics of medicine will tell you that you need a surgery.” he said