Governor Chukwuma Soludo of Anambra State said President Bola Tinubu inherited an economy that could be compared to a “dead horse but standing”.
The governor disclosed this on Thursday in a Channels Television Interview while responding to President Tinubu’s posture against spending 90 per cent of the nation’s revenue on external debt service.
He said 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, we will bumpy, no question about it,” Soludo said.
He further lauded Tinubu’s recent economic reforms in removing the petrol subsidy, which he described as an obnoxious scam, and then dealing with the exchange rate.