Governor of Anambra State, Charles Soludo, asserted that President Bola Tinubu’s present administration inherited a dead economy from its predecessor.
The government of President Bola Ahmed Tinubu, as reported by Metrowatchxtra.com, had also said that it had inherited a virtually bankrupt economy from the administration of Muhammadu Buhari.
Soludo urged Nigerians to have patience with the present administration in a same manner on Thursday during an appearance on Politics Today on Channels TV.
He alleged that the Central Bank of Nigeria was illegally printing money, which according to him, contributed to the fall of the country’s currency.
The former CBN governor noted that the alleged illegal printing of money was a total violation of the 2007 Act governing the apex bank.
He ascribed the present economic situation in the country to alleged recklessness of the previous government, describing the economy it left behind as a dead horse.
He said, “We sat here in this country and saw the monetary authorities literally printing money.
“And to prevent us from getting to where we are today, that was why we had an explicit clause that prevented the Central Bank from lending recklessly, granting ways and means to the federal government.
“This particular government inherited a dead economy from a micro economic point of view; this government inherited a dead horse that was seen standing but people didn’t know that it was dead. I think it’s important for Nigerians to understand this.”
