Presidency Hits Back At Soludo Over Comments On State of Economy

The Presidency has fired back at former Governor of the Central Bank of Nigeria, Charles Soludo, after he accused President Muhammadu Buhari of worsening the country’s economy.

Acting President Yemi Osinbajo’s spokesman, Laolu Akande, in a statement, insisted that Buhari had ended the bleeding of the nation and was implementing reforms.

“Nigerians have demonstrated that they know the Buhari administration inherited a sorry state of the economy but is working diligently to fix it with positive results now emerging.

“What even Former CBN Governor Soludo cannot deny is the fact that the Buhari administration has ended the bleeding of the nation and is implementing reforms.

“The Buhari administration is spending more on infrastructure at a time when resources are lean. When we had abundant revenues what happened was profligacy and plunder.”

Soludo had said: “Nigeria is now, some say a fragile state, some say a failed state; it is not going to be a tea-party to come out but unfortuately, we are not taking it serious.

“Nigeria is not just in recession but in a massive economic compression; it will be a miracle for the present APC administration to return this country to the dollar size it met in May 29, 2015, if it stays for 8 years, that’s till 2023.

“It is business as usual; propaganda, lies, double-speak. Current government is fighting corruption, insecurity, but we say to them, enough of the blame gain.

“They inherited a bad situation but they have made it several times worst; getting us out here is not a tea-party like I sad before. Nigerians should rise in unity; it should no longer be ‘let them’; only united citizens can rescue Nigeria out of this position.”