The government of President Bola Ahmed Tinubu, as MISMOB recalls, also complained that it had inherited a nearly bankrupt economy from the previous administration of Muhammadu Buhari.
On Thursday, Soludo urged Nigerians to be patient with the current government during an interview on Channels TV’s Politics Today.
He said that the collapse of the Nigerian naira was caused in part by the Central Bank of Nigeria’s unlawful creation of money.
According to the ex-CBN governor, the money printing allegations are a direct breach of the CBN Act of 2007.
He blamed the existing economic predicament in the country to the carelessness of the former government, describing the economy it left behind as a dead horse.
He explained, “We watched right here in this country while the central bank was practically manufacturing money.
“And that’s why we had an express language that forbade the Central Bank from carelessly lending, giving the federal government ways and means, which is how we got to where we are today.
“From a microeconomic standpoint, this government inherited a dead economy; this government inherited a dead horse that was still standing, but nobody realized it was dead. It’s crucial that Nigerians grasp this, in my opinion.
Mismob Media