Governor Charles Soludo of Anambra State, has said that President Bola Tinubu inherited a dead economy from Mohammadu Buhari.
Soludo said this on Thursday while commenting on policies of the Central Bank of Nigeria (CBN) in an interview on Channels Television’s monitored in our newsroom.
Soludo, while explaining his role in putting curbs on monetary structures when he headed the apex bank between 2004 and 2009, accused the CBN of illegally printing money.
“We must realise where we are coming from,” he said.
“We sat here in this country and saw the monetary authorities literally printing money, illegally I must say, because I superintended the development of drafting of the 2007 Bank Act.”
And to prevent us from where we are today, that is why we had an explicit clause there that prevents Central Bank from lending recklessly to the Federal Government.
“That you can not grant to the Federal Government more than 5 per cent of the previous year’s actual revenue.”
He maintained that the CBN failed to comply with the 2007 CBN Act, adding that the current monetary trajectory was avoidable in the first place.
