President Bola Tinubu inherited an economy that he likened to a “dead horse but standing,” according to Prof.
Chukwuma Soludo, the governor of Anambra State.
In his remarks on Channels Tv on Friday, September 1, Soludo made this disclosure.
The governor, a former governor of the Central Bank of Nigeria, was asked to comment on Tinubu’s opposition to using 90% of the nation’s income to pay off its foreign debt.
“This government inherited an economy that, from a macroeconomic perspective, was like a dead horse, but it is clear from macroeconomic modeling that the coming months will be bumpy.
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The governor of the All Progressives Grand Alliance (APGA) added that he supported Tinubu’s economic team with “empathy and commiserations.”.
“But I’m happy that at least, the first salvos by the president, by his courageous step to remove the revolting scam known as the gasoline subsidy that has festered over the years, and then dealing with the exchange rate,” Soludo said.
