Adams Oshiomhole, the senator representing the Edo North Senatorial District, said President Bola Tinubu inherited a terrible economic situation from the past administration.
Oshiomhole, who is also the former national chairman of the ruling All Progressives Congress (APC), made this disclosure on Tuesday after meeting with Vice President Kashim Shettima, at the State House, Abuja.
According to him, some of the decisions taken by the current administration are the first step towards revamping the economy.
He added that President Tinubu and his deputy 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.
He added that the issues of the economy are work in progress, adding that there is no quick fix.