Tinubu government inherited dead economy – Soludo

Governor Chukwuma Soludo of Anambra State has claimed that President Bola Tinubu inherited an economy that could be compared to a “dead horse but standing”.

Soludo said his position was in empathy and commiserations for Tinubu’s economic team.

The governor spoke on Channels Television’s Sunrise Daily, while responding to President Tinubu’s posture against spending 90 percent of the nation’s revenue on external debt service.

“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 will be bumpy, no question about it,” Soludo said.

He further praised Tinubu’s courageous step in removing the petrol subsidy, which he described as an obnoxious scam, and then dealing with the exchange rate.