Tinubu inherited economy ‘like a dead horse but standing’; hails subsidy removal – Soludo

Anambra State Governor, Prof Chukwuma Soludo, has said that President Bola Tinubu inherited an economy like a “dead horse but standing”.

Speaking on Channels Television’s Sunrise Daily show, his position was in “empathy and commiserations” for Tinubu’s economic team.

“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,” he said.

Soludo made this known when asked to respond to Tinubu’s stance kicking against spending 90 percent of the country’s revenue on external debt service.

He added, “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.”