President Bola Ahmed Tinubu the commander in chief of the armed forces of Nigeria has dropped 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.
Reacting to this in an interview with Channels Television, Chukwuma Soludo, the governor of Anambra State, while analyzing Nigeria’s macroeconomics, stated that President Tinubu inherited a “dead horse but standing” economy
National Daily Newspaper gathreed.
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.”
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.
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.
Health & Fitness4 days ago
Aviation7 days ago
Aviation5 days ago
Aviation5 days ago
Aviation5 days ago
Aviation4 days ago
Featured2 days ago
Crime2 days ago