Anambra State Governor, Prof. Chukwuma Soludo, has described the Nigerian economy inherited by President Bola Ahmed Tinubu as a “Stage 4 cancer” economy, saying the administration’s difficult economic reforms are now approaching the recovery stage.

Soludo, a former Governor of the Central Bank of Nigeria, made the remarks during a public engagement where he urged Nigerians to remain patient and support the reforms, which he said were necessary to address deep-rooted structural problems in the economy.

According to him, the Tinubu administration inherited an economy characterised by rising debt, the burden of fuel subsidies and instability in the foreign exchange market.

He said the removal of fuel subsidy and the unification of the foreign exchange market, although painful, were necessary measures to prevent further deterioration of the economy.

“To be clear, what Mr. President inherited was a ‘Stage 4 cancer’ economy. The kind that requires serious, painful surgery,” Soludo stated.

The Anambra governor said the most difficult phase of the economic adjustment was almost over, expressing optimism that Nigerians would soon begin to see the benefits of the reforms.“We need patience. The surgery is almost done.

What is left now is recovery and rehabilitation,” he added.Soludo called on political leaders, businesses and citizens to support the Federal Government’s economic agenda, stressing that rebuilding the nation would require collective sacrifice and patience.

He maintained that sustained implementation of the reforms could provide a stronger foundation for long-term economic growth and prosperity.