Tinubu vs Buhari: Governor Soludo Reveals Real Spoiler of Nigeria's Economy

Tinubu vs Buhari: Governor Soludo Reveals Real Spoiler of Nigeria's Economy

  • The Anambra state governor, Charles Soludo, has blamed Nigeria's economic misfortune on President Bola Tinubu's predecessors, including ex-President Muhammadu Buhari
  • Soludo, a former CBN governor, said the current administration inherited a dead economy, adding that Nigerians need to know
  • The Anambra governor also accused the CBN of violating the 2007 Bank Act by printing money illegally

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

Awka, Anambra - Charles Soludo, the governor of Anambra state, has explained that President Bola Tinubu inherited a "dead economy" from the past administrations, including former President Muhammadu Buhari.

In an interview on Channels Television on Thursday, November 23, the governor addressed the execution of the Central Bank of Nigeria (CBN)'s policies.

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“You were part of Buhari’s team”: Nigerians attack Soludo on 'Tinubu inherited dead economy' comment

Bola Tinubu/Charles Soludo/Muhammadu Buhari/Goodluck Jonathan
Governor Soludo reveals origin of Nigeria's economic problem Photo Credit: President Bola Tinubu
Source: Twitter

The governor said:

“This economy inherited a dead economy. From a macroeconomic point of view, this government inherited a dead horse that was still standing, and people didn’t know it was dead.”

Governor Soludo explains Nigeria's major economic challenge

Continuing, Soludo said it was not possible to pour water on the rock and expect it not to get wet.

According to him:

"There are humungous challenges, and I think it is important that Nigerians understand this and it is not a tea party.”

Soludo, a professor and former governor of the CBN, explained the role he played in running monetary structures when he served at the apex bank between 2004 and 2009.

How CBN ruined Nigeria's economy, Governor Soludo

The Anambra governor also accused the CBN of printing money illegally, while tracing the source of Nigeria's economy to the development.

Read also

“People laugh at me for not having money”: Buhari finally explains why he approved new naira notes

Governor Soludo maintained that Nigerians need to understand where the problem started, adding that everyone kept mute when the CBN was carrying out the illegal act of printing money.

He recalled his role in the drafting of the 2007 Bank Act, adding that they tried to prevent the country from where it was today by having the clause that the CBN can't lend recklessly to the federal government.

Soludo said:

“That you can not grant to the Federal Government more than 5 per cent of the previous year’s actual revenue.”

Tears, lamentation as Governor Soludo loses father

Legit.ng earlier reported that Simeon Nwankwo Soludo, the father of Governor Soludo, died at 92

The Octogenarian, popularly known as Ichie Akukananwa 1, died in the early hours after a brief illness.

Recall that Pa Soludo was kidnapped some time ago and was released after spending some time in the kidnappers' den.

Source: Legit.ng

Authors:
Bada Yusuf avatar

Bada Yusuf (Politics and Current Affairs Editor) Yusuf Amoo Bada is an accomplished politics and current affairs editor, boasting over 7 years of experience in journalism and writing. He is a graduate of OAU, and holds Diploma in Mass Comm. and BA in Literature in English. He has obtained certificates in Leadership and received the "Certificate for Breakthrough of the Year 2022" in recognition of his great performance during his first year at Legit.ng. Worked as Editor with OperaNews. Contact: bada.yusuf.amoo@corp.legit.ng or call 08161717844

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