- He raised concerns about the alleged illegal printing of money by the Central Bank of Nigeria
Anambra State Governor Charles Soludo has made assertions about the current administration led by President Bola Tinubu inheriting a struggling economy from its predecessor.
President Bola Ahmed Tinubu’s government, in turn, had previously highlighted inheriting an economy on the brink of bankruptcy from the immediate past Muhammadu Buhari administration.
During an interview on Channels TV’s Politics Today, Soludo urged Nigerians to exercise patience with the current government.
He raised concerns about the alleged illegal printing of money by the Central Bank of Nigeria, attributing it to the depreciation of the country’s currency. Soludo, a former CBN governor, emphasized that this alleged action violated the 2007 Act governing the apex bank.
He attributed the present economic challenges to the purported recklessness of the previous government, characterizing the economy it bequeathed as a severely compromised situation.
He said, “We sat here in this country and saw the monetary authorities literally printing money.
“And 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 micro economic 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.”