A “dead horse but standing” economy, according to Anambra State Governor Chukwuma Soludo, is what President Bola Tinubu inherited.
Soludo stated that he sympathized with Tinubu’s economic team and held them in high regard.
The governor responded to President Tinubu’s stance on allocating 90% of the nation’s GDP to paying off foreign debt on Channels Television’s Sunrise Daily.
“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.