The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has stated that without divine intervention, the exchange rate could have skyrocketed to ₦10,000 to $1.
Speaking at the Special Holy Ghost Congress in Abuja, Adeboye attributed Nigeria’s financial challenges to its overdependence on fuel imports, despite being a major oil-producing nation.
He criticized the billions of naira invested in refineries that remain non-operational, leaving the country reliant on imported fuel.
Commenting on the removal of fuel subsidies, Adeboye noted that the decision angered individuals who previously benefited from the system, further worsening Nigeria’s economic difficulties.
“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.
