In a recent revelation, Anambra State Governor Charles Soludo has asserted that the current administration, led by President Bola Tinubu, inherited what he termed a “dead economy” from its predecessor. This echoes similar claims made by the Tinubu government, which had previously stated that it inherited an almost bankrupt economy from the immediate past Muhammadu Buhari administration.
Governor Soludo made these statements during an interview on Channels TV’s Politics Today, where he urged Nigerians to exercise patience with the current government. He alleged that the Central Bank of Nigeria (CBN) was involved in the illegal printing of money, attributing this activity to the depreciation of the country’s currency.
According to the former CBN governor, this unauthorized printing of money is a clear violation of the 2007 Act that governs the apex bank. He emphasized that the alleged reckless actions of the previous government played a significant role in the current economic challenges, characterizing the economy it left behind as a “dead horse.”
Governor Soludo stated, “We sat here in this country and saw the monetary authorities literally printing money. 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 microeconomic 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.”
