Anambra State Governor, Prof Chukwuma Soludo, has stated that President Bola Tinubu had inherited an economy akin to a “moribund horse standing upright”.
Soludo, a former governor of Nigeria’s Central Bank, (CBN), provided his analysis of the country’s present macro-economics during an appearance on a television programme yesterday.
While responding to Tinubu’s criticism of spending 90 percent of the country’s revenue on external debt servicing, Soludo remarked: “From a macro-economic perspective, this government inherited an economy that could be likened to a lifeless but still-standing horse. However, in the coming months, we anticipate a significant turnaround”.
He added that his perspective was rooted in ‘sympathy and understanding’ for Tinubu’s economic team. Soludo also acknowledged and commended President Tinubu’s bold actions, such as eliminating the longstanding and problematic petrol subsidy and addressing exchange rate issues.
