By David Kabiyesi
Executive Governor of Anambra State, Chukwuma Soliudo has urged Nigerians to be patient with President Bola Tinubu-led administration on the ground that the present government inherited what he described as a dead horse economy.
In an interview on Channels Television’s Sunrise Daily on Friday, the former Central Bank Governor said he has empathy for Tinubu’s economic team given the way previous administrations ran the country.
“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,” Soludo said.
The governor stated that his position was one of “empathy and commiseration” 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 the petrol subsidy and then dealing with the exchange rate.
“These are some of the legacies the government met in terms of a high debt service to revenue ratio. The past administration printed over N22 trillion and poured it into the system without backing it up. Now we have to grapple with high inflation and the impact of the exchange rate.’ he said
