Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), highlighted that without divine intervention, the exchange rate might have soared to ₦10,000 to $1.
He attributed Nigeria’s financial difficulties to its heavy reliance on fuel imports, despite being a significant oil-producing country.
“We need help, and it’s not human help; it’s divine help,” he emphasised.
Adeboye highlighted that the root of Nigeria’s financial difficulties predates the current administration, pointing to the ongoing importation of petrol despite abundant oil resources.
“Before our current President took office, we were aware that the root of our financial issues lay in the importation of petrol. Despite having oil, we continued to import petrol and waste billions on refineries that did not operate effectively.
“When the President cancelled the subsidy on petrol imports, those who benefited from it became upset and created more problems,” he added.
Reflecting on the naira’s rapid devaluation, Adeboye said he turned to prayer and expressed gratitude for others who joined him.
“If God hadn’t intervened, $1 could have been worth ₦10,000 by now. This illustrates how much we need prayers,” he said.
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