Senator representing Edo North Senatorial District, Adams Oshiomhole, has said President Bola Ahmed Tinubu‘s government inherited a terrible economic situation.

Oshiomhole said this on Tuesday while chatting with with journalists shortly after meeting with the Vice President, Senator Kashim Shettima, behind closed doors at the Presidential Villa, Abuja.

According to Oshiomhole, some of the decisions taken by the current administration are the first step towards revamping the economy.

The former National Chairman of the ruling All Progressives Congress (APC) added that the President and the Vice President had shown courage and determination to stop the corruption of the subsidy regime and in the Central Bank of Nigeria (CBN), while appealing to Nigerians to be patient.

President Tinubu announced after his inauguration on May 29 that the petrol subsidy regime is over.

He said the budget before he assumed office is that no provision is there for fuel subsidy so the fuel subsidy is gone.

Tinubu commended the decision of former president Muhammadu Buhari administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor.

Also, he suspended the CBN governor Godwin Emefiele, following sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
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