Anambra State Governor, Prof Chukwuma Soludo, offered an in-depth analysis of Nigeria’s macroeconomic situation, characterising the economy as comparable to a “dead horse but standing” during President Bola Tinubu’s tenure.
Speaking on Friday at Sunrise Daily, Soludo responded to Tinubu’s criticism of allocating 90 percent of the country’s revenue to external debt service.
He emphasized, “From a macroeconomic standpoint, I would say the economy was like a dead horse but standing, in macroeconomic terms, and modeling through this over the coming months we will be bumpy, no question about it.”
Governor Soludo, a member of the All Progressives Grand Alliance (APGA), expressed his perspective as an act of “empathy and commiserations” for Tinubu’s economic team.
He acknowledged the President’s steps in addressing challenges, including removing the controversial petrol subsidy and addressing the exchange rate.
