Pastor E.A. Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), emphasized the role of divine intervention in preventing further depreciation of the Naira against the US dollar.
He shared this message during the Special Holy Ghost Congress in Abuja, cautioning that without God’s intervention, the exchange rate could have skyrocketed to N10,000 per dollar.
Adeboye connected Nigeria’s financial difficulties to its reliance on fuel imports despite having abundant oil resources.
He highlighted the billions of Naira invested in nonfunctional refineries, resulting in the country’s dependence on imported petrol.
In addition, Adeboye pointed out that when the president took steps to end costly import subsidies, some individuals who were benefiting from the previous system reacted negatively, leading to additional economic challenges.
“When you are going to quote me, please quote me accurately. We need help. And it is not human help, it is divine help. I will give you one or two reasons why. Because if you want restoration, you must first of all admit something is missing.
“Before our president came in, everybody knew that the reason we were having financial problems (we have been having it o, before he came in) is the fact that a lot of money was being spent to import petrol.
“Ah! How can we be importing petrol where we have this thing in abundance here? We spent billions of naira on our refineries, they didn’t work. So we can be able to keep on importing.
“That’s why when the president came in, the very first day he came, he said this money that they spend in importing petrol, he says he cancelled it. We were all rejoicing, thank God. But some people were angry, those who were making money from importing petrol. Then they decided okay, we will create a problem.
“Then all of a sudden, naira began to go down, fast. I cried to my people, let us pray. Thank God some people joined me in praying. Because the way naira was going then, if God had not intervened, by now, 1$ would be about N10,000. But God stepped in. Just to show you that we need prayers. And you know this has nothing to do with politics, I’m not a politician and I will never be one. That’s not my calling.”
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