Soludo also argued that President Bola Tinubu inherited a dead economy from his predecessor
By Kehinde Okeowo
Anambra State Governor, Charles Soludo has criticised the Central Bank of Nigeria (CBN) for lending recklessly and granting ways and means to the federal government under the leadership of ex-President, Muhammadu Buhari.
The former CBN governor said this on Thursday during an interview on Channels TV’s Politics Today, while calling on Nigerians to be patient with the current administration.
According to him, the current government led by President Bola Tinubu inherited a dead economy from his predecessor.
He went on to claim that the decision of the apex bank to print money recklessly, contributed to the fall of the country’s currency.
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Soludo further noted that the alleged illegal printing of money by the Buhari administration was a total violation of the 2007 Act governing the apex bank.
He also ascribed the present economic situation in the country to the alleged recklessness of the previous government, describing the economy it left behind as a dead horse.
Speaking during the chat, 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.”
Prior to the interview, the President Bola Ahmed Tinubu-led administration had alleged that it inherited an almost bankrupt economy from the immediate past government.