Pastor E.A. Adeboye , The General Overseer of the Redeemed Christian Church of God (RCCG), has said that the exchange rate could have skyrocketed to ₦10,000 for $1 if not for God Divine Intervention.
At the Special Holy Ghost Congress in Abuja, Adeboye explained that Nigeria’s financial difficulties are largely linked to its reliance on fuel imports, despite the country having significant oil resources.
He emphasizes that Billions have been spent on refineries, many of which remain nonfunctional, resulting in a continued dependence on imported petrol.
Government’s decision to eliminate fuel subsidies. there are so many controversies surrounding them He said
“it’s divine help that is needed in this country not human help,” he stated.
Adeboye said 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.“ Even Before our current president took office,
“When the president cancelled the subsidy on petrol imports, those who benefited from it became upset and created more problems.”
Adeboye said that he prayed and was grateful that others joined him in prayer. As the naira continued to decline rapidly,
“He said if not for God $1 could have been worth N10,000 by now. So Therefore All this illustrate how much we need prayers,”
