The Governor of Anambra State, Prof Chukwuma Soludo, has said President Bola Tinubu inherited an economy that could be compared to a “dead horse but standing”.
Soludo disclosed this while speaking on Channels TV on Friday, September 1.
When asked to respond to Tinubu’s stance against spending 90 percent of the country’s revenue on external debt service, the governor who is a former governor of the Central Bank of Nigeria, 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.”
The All Progressives Grand Alliance (APGA) governor added that his position was in “empathy and commiserations” for Tinubu’s economic team.
“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,” Soludo noted.