Nigeria’s Acting Ambassador to the United States, Samson Itegboje, has said that President Bola Tinubu inherited a “comatose economy.”
Itegboje made this statement at an award dinner at Nigeria House in New York to celebrate Nigeria’s 65th independence anniversary.
He stressed that Tinubu had not been lamenting over this.
“The president inherited a comatose economy, he inherited banditry.
” He inherited kidnapping, terrorism, herders and farmers clashes and all sorts of vices.
“He did not go into lamentation. He rolled up the sleeves and he went to work.
” The first thing he did was to take out the fuel subsidy. It was corruption-laden. He took it out,” he said.
According to him, the president scrapped the corruption-ridden foreign exchange regime, adding that this did not go down well with some.
The envoy acknowledged that some of the president’s actions had initial repercussions, noting prices of products went up and the citizens were badly hit.
He, however, said the measures were necessary in order to secure the future of the country, maintaining that after the initial rise in prices, they are beginning to normalise.
Tinubu inherited comatose economy – Envoy, Itegboje