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On Friday, the Governor of Anambra State, Prof. Chukwuma Soludo, conducted an analysis of the country’s macroeconomics. He concluded that President Bola Tinubu inherited an economy that could be likened to a “severely challenged” one.
Soludo conveyed this perspective during his appearance on Channels Television’s Sunrise Daily. He was responding to Tinubu’s criticism of allocating 90 percent of the nation’s revenue to external debt servicing.
“This government, from a macroeconomic perspective, faced an economy that resembled a struggling horse on its last legs. In terms of macroeconomic analysis and forecasting, we anticipate a rocky road ahead in the coming months—there’s no denying that,” he stated.
The governor of the All Progressives Grand Alliance (APGA) expressed his sentiments in a spirit of “empathy and condolences” for Tinubu’s economic team. He also expressed his satisfaction with the initial actions taken by the president, particularly his bold move to eliminate the longstanding issue known as the petrol subsidy and address the exchange rate. Soludo remarked, “I am pleased that the president has taken the first steps towards addressing these issues.”
