{"id":124434,"date":"2023-11-27T17:38:48","date_gmt":"2023-11-27T17:38:48","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/11\/27\/tinubus-government-inherited-dead-economy-gov-soludo\/"},"modified":"2023-11-27T17:38:48","modified_gmt":"2023-11-27T17:38:48","slug":"tinubus-government-inherited-dead-economy-gov-soludo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/11\/27\/tinubus-government-inherited-dead-economy-gov-soludo\/","title":{"rendered":"Tinubu\u2019s Government Inherited Dead Economy \u2014 Gov Soludo"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Anambra State Governor, Charles Soludo, has defended the country\u2019s current situation, saying that President Bola Tinubu\u2019s administration inherited a dead economy.<\/p>\n<p>Soludo made this known on Thursday while commenting on policies of the Central Bank of Nigeria (CBN) in an interview on Channels Television\u2019s Politics Today programme.<\/p>\n<p>The former governor of CBN slammed the apex bank for illegally printing money in total violation of the 2007 Act governing the financial institution.<\/p>\n<p>He said:\u00a0\u201cWe must realize where we were coming from. 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 landing recklessly, granting ways and means to the federal government.<\/p>\n<p><strong>READ MORE:\u00a0Reduce Amount Of Fees You Charge In Your Schools \u2013 Soludo Begs Bishops<\/strong><\/p>\n<p>\u201cWe explicitly put into the law that you can\u2019t grant the federal government more than 5% of the previous year\u2019s actual revenue. And that so granted must be retired by the end of the year in which it was granted. And when the federal government fails to retire, the central bank is forbidden by that law from further advancing ways and means. That was the law 2007 act of the Central Bank.<\/p>\n<p>\u201cI said it before. 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\u2019t know that it was dead. I think it\u2019s important for Nigerians to understand this.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Anambra State Governor, Charles Soludo, has defended the country\u2019s current situation, saying that President Bola Tinubu\u2019s administration inherited a dead economy. Soludo made this known on Thursday while commenting on policies of the Central Bank of Nigeria (CBN) in an interview on Channels Television\u2019s Politics Today programme. The former governor of CBN slammed the apex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":124435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-124434","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tinubu\u2019s Government Inherited Dead Economy \u2014 Gov Soludo - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/11\/27\/tinubus-government-inherited-dead-economy-gov-soludo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu\u2019s Government Inherited Dead Economy \u2014 Gov Soludo - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Anambra State Governor, Charles Soludo, has defended the country\u2019s current situation, saying that President Bola Tinubu\u2019s administration inherited a dead economy. Soludo made this known on Thursday while commenting on policies of the Central Bank of Nigeria (CBN) in an interview on Channels Television\u2019s Politics Today programme. The former governor of CBN slammed the apex [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/11\/27\/tinubus-government-inherited-dead-economy-gov-soludo\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-27T17:38:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Soludo-Tinubu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/11\/27\/tinubus-government-inherited-dead-economy-gov-soludo\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/11\/27\/tinubus-government-inherited-dead-economy-gov-soludo\/\",\"name\":\"Tinubu\u2019s Government Inherited Dead Economy \u2014 Gov Soludo - 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