Anambra State Governor, Charles Soludo, has stated that the administration of President Bola Tinubu took over a “dead economy” bequeathed by its predecessors
Soludo made the remark during an interview on Channels TV’s Politics Today on Thursday while analysing the naira’s decline under the new government.
The former Central Bank of Nigeria chief blamed worsening indicators on past violations of the apex bank’s establishment law, which bars deficit financing above five per cent of prior year revenues.
He accused the CBN under past management of illegally granting trillions in unbacked financing despite legal restrictions, contributing to current woes.
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