BREAKING: Soludo Backs Tinubu for Dropping Major Buhari's Policy

• The Anambra state governor, Chikwuma Soludo, has commended President Bola Tinubu for dropping the economic policy of ex-President Muhammadu Buhari
• Soludo, while analysing the country's macroeconomics on Friday morning, added that the idea of servicing the country's debt with 90% of its revenue by the Buhari administration was like a dead horse standing
• The former CBN governor then commended President Tinubu for taking the bold step to remove the fuel subsidy

Awka, Anambra - Chukwuma Soludo, the governor of Anambra State, has commended President Bola Tinubu for dropping the idea of servicing the external debt service of Nigeria with 90 per cent of the country's revenue.

Spending 90 per cent of the country’s revenue on external debt service was an economic policy popular during the immediate past administration of President Muhammadu Buhari.

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Tinubu inherited a bad economy, Soludo justifies

But the former governor of the Central Bank of Nigeria (CBN), in an interview on Channels Television on Friday morning, September 1, while analysing Nigeria's macroeconomics, stated that President Tinubu inherited a “dead horse but standing” economy.

Soludo said:

“This government inherited, from a macroeconomic standpoint, I would say the economy was like a dead horse, but standing, in macroeconomic terms and modelling through this over the coming months, we will bumpy, no question about it.”

Soludo shows empathy for Tinubu's economic team

The governor further expressed his empathy and commiseration with the economic team of President Tinubu.

According to the governor of Anambra State, the president should be commended for being bold and removing the fuel subsidy, describing it as an "obnoxious scam" that has festered on the country's survival over time.

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President Tinubu recently described the economic policy of President Buhari's servicing the country's debt with 90 per cent of its revenue as a part of destruction, vowing that his administration would never take such a path.

"We are neighbours with Niger Republic": Tinubu opens up on deploying troop

Legit.ng earlier reported that President Bola Tinubu has confirmed that he had feared that the military would start taking over Africa again after Niger Coup, citing the development in Gabon.

While addressing the Sultan of Sokoto negotiation team from the neighbouring country, the president insisted that it was totally unacceptable for a democratic government to be forcefully removed.

According to the president, everyone will suffer the consequences together if Nigeria allows what happened in Niger to stay.

Source: Legit.ng