ENUGU, Nigeria (VOICE OF NAIJA)- Governor Chukwuma Soludo of Anambra State says that the administration of President Bola Tinubu took over a “dead economy” bequeathed by its predecessors.
Soludo, the former Governor of Central Bank of Nigeria (CBN), made the remark during an interview on ‘Channels TV’s Politics Today’ on Thursday while analysing the naira’s decline under the new government.
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He blamed worsening indicators on past violations of the apex bank’s establishment law, which bars deficit financing above five per cent of prior year revenues.
Soludo also accused the CBN under past management of illegally granting trillions in unbacked financing despite legal restrictions, contributing to current woes.
Soludo argued that from a macroeconomic standpoint, the Tinubu regime inherited an economy already beyond revival before it assumed office.