Prof Chukwuma Soludo, Governor of Anambra State, analyzed the country’s macroeconomics on Friday, concluding that President Bola Tinubu inherited a “dead horse but standing” economy.
Soludo gave this perspective on Channels Television’s Sunrise Daily when asked to respond to Tinubu’s stance against spending 90 percent of the country’s earnings on external debt servicing.
“This government inherited, from a macroeconomic standpoint, I would say the economy was like a dead horse but standing, in macroeconomic terms and modeling through this over the coming months we will bumpy, no question about it,” he said.
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.
