Economy inherited by Tinubu was ‘dead horse standing’, says Soludo

THE CABLE

Chukwuma Soludo, governor of Anambra, has likened the economy inherited by President Bola Tinubu to a “dead horse standing”.

Speaking on Sunrise Daily, a Channels Television programme, on Friday, Soludo said from a macroeconomic perspective, the administration of former President Muhammadu Buhari bequeathed a rocky economy to the new one. 

He said Tinubu’s economic team has its work cut out, adding that the “coming months will be bumpy”. 

“I will say to you in empathy and commiseration for the economic team of the president,” he said. 

“This government inherited, from a macroeconomic standpoint, I would say the economy was like a dead horse but standing.

“Muddling through this over the coming months will be bumpy, no question about it.

“Literally, the past administration printed over 22 trillion and poured into the system backed by nothing.

“Now you have to grapple with high inflation, the impact on the exchange rate and all the destruction.