Home Nigeria Tinubu inherited dead economy, CBN under Buhari printed money illegally – Soludo

Tinubu inherited dead economy, CBN under Buhari printed money illegally – Soludo



Anambra State Governor, Charles Soludo has claimed that the current administration led by President Bola Tinubu inherited a dead economy from its predecessor.

DAILY POST recalls that the President Bola Ahmed Tinubu government had also cried out that it inherited an almost bankrupt economy from the immediate past Muhammadu Buhari administration.

Soludo, who spoke similarly on Thursday during an interview on Channels TV’s Politics Today, called on Nigerians to be patient with the current government.

He alleged that the Central Bank of Nigeria was illegally printing money, which according to him, contributed to the fall of the country’s currency.

The former CBN governor noted that the alleged illegal printing of money was a total violation of the 2007 Act governing the apex bank.

He ascribed the present economic situation in the country to alleged recklessness of the previous government, describing the economy it left behind as a dead horse.

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.”

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