Adeboye, who stated this while speaking at the Special Holy Ghost Congress in Abuja, explained that Nigeria’s financial difficulties are largely linked to its reliance on fuel imports, despite the country having significant oil resources.
He noted that billions have been spent on refineries, many of which remain non-functional, resulting in a continued dependence on imported petrol.
Adeboye also addressed the controversy surrounding the government’s decision to eliminate costly fuel subsidies, a move that angered those who profited from the previous system and contributed to further economic challenges.
“We need help, and it’s not human help; it’s divine help,” he stated.
“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.”
As the naira continued to decline rapidly, Adeboye said that he prayed and was grateful that others joined him in prayer.
“If God hadn’t intervened, $1 could have been worth N10,000 by now. This illustrates how much we need prayers,” he added.
Page: 1 2
The Peoples Democratic Party (PDP) has claimed that it is impossible for former Vice President,…
Popular Christian music composer, Jude Nnam, also known as Ancestor, has been reportedly kidnapped by…
A suspected vote-buyer has been arrested by officials of the Department of State Services (DSS)…
The Enugu Electricity Distribution Company PLC (EEDC), has blamed the blackout being experienced in some…
Some members of All Progressives Congress (APC) have been captured on camera sharing N3000 to…
What is the Dollar to Naira Exchange rate at the black market also known as…