Politics
Nigerians Resonate With Governor Soludo’s Assertion: Tinubu’s Government Inherited An Economy Resembling A Dead Horse Still Standing- Watch Video
Nigerians Resonate With Governor Soludo’s Assertion: Tinubu’s Government Inherited An Economy Resembling A Dead Horse Still Standing....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie Omo-ikirodah
In a recent interview on Channels Television’s Politics Today program, Governor of Anambra State, Professor Charles Soludo, expressed his view that the administration of President Bola Tinubu inherited a “dead economy” from its predecessors. CONTINUE READING
Governor Soludo made this assertion, emphasizing that the challenges faced by the current government are significant and rooted in the state of the economy it inherited. According to him, the situation was akin to inheriting a “dead horse that was still standing,” highlighting the complex economic issues that the government is grappling with.
During the interview, Soludo, who previously served as the governor of the Central Bank of Nigeria (CBN) from 2004 to 2009, criticized the CBN for allegedly printing money illegally. He referred to his role in drafting the 2007 Bank Act, emphasizing that the explicit clauses were meant to prevent reckless lending to the federal government.
“We must realize where we are coming from,” Soludo remarked. “We sat here in this country and saw the monetary authorities literally printing money, illegally I must say, because I superintended the development of drafting the 2007 Bank Act.” CONTINUE READING
He pointed out that the violation of the 2007 CBN Act, particularly regarding lending limits to the federal government, contributed to the current economic trajectory. Soludo claimed that the CBN failed to adhere to the stipulations of the Act, leading to the printing of money and the subsequent increase in the government’s account balance.
The governor concluded that the challenges faced by the current administration were avoidable, citing the need for a comprehensive understanding of the economic context and the implications of past monetary decisions.
Watch the video here: https://x.com/Imranmuhdz/status/1727772179763216850?s=20
Source: Bushradiogist
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