I Prepared For Disruptive Outcomes Of Subsidy Removal – Soludo

(AFRICAN EXAMINER) – Anambra State Governor, Chukwuma Soludo on Monday said he anticipated and prepared for the outcomes of the “disruptive” policies of President Bola Tinubu including petrol subsidy removal and the unification of the foreign exchange windows.

At a media chat to celebrate his third anniversary in Awka, the state capital, the governor said though the reforms of the president came with some chaotic economic situation, he found creative ways to deal with the uncertainties including crunching waste and recurrent expenditure.

The former CBN chief and economist said, “Nothing has come to me as a surprise. I knew as I was applying for the job that the micro-economic environment would be quite chaotic.

“I assumed office in 2022 before the current administration which has come and had the courage to deal with the multiple but debilitating subsidies that every government has been afraid to confront.

“It is going to be disruptive and bumpy, especially in the short to medium term.”

Soludo acknowledged that the cost of construction has been more been more expensive in the last two years since the start of the Tinubu reforms but expressed optimism that the economic environment would ease with time.

“All these are shocks that I as Soludo anticipated would happen. So, we built up (some things), lower some of our expectations, only to be surprised on the positive,” he said.

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