In a recent interview on Channels Television’s Sunrise Daily, Anambra State Governor Prof. Chukwuma Soludo provided a comprehensive analysis of the country’s economic situation, characterizing President Bola Tinubu’s economic inheritance as comparable to a “dead horse but standing.”
Governor Soludo addressed President Tinubu’s objection to allocating 90 percent of the nation’s revenue to servicing external debt.
He stated, “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,” he said.
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In an empathetic tone, the All Progressives Grand Alliance (APGA) governor expressed his condolences for President Tinubu’s economic team.
Governor Soludo went on to commend President Tinubu for taking bold steps, such as abolishing the long-standing petrol subsidy and addressing the exchange rate issue, which he believes are essential measures in steering the economy in the right direction.
“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.
