A “dead horse but standing” economy, according to Anambra State Governor Chukwuma Soludo, is what President Bola Tinubu inherited.
Soludo stated that he sympathised 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.
Macroeconomically speaking, the economy was like a dead horse that was still standing when this administration took office, and simulating this over the next months will undoubtedly be difficult, according to Soludo.
He also applauded Tinubu for taking the bold action of eliminating the petrol subsidy, which he called an unpleasant swindle, and then dealing with the exchange rate.
