Adeboye Hails Subsidy Removal, Says God’s Intervention Saved Naira From Falling To ₦10,000 Per Dollar

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said if not for God’s intervention, $1 would currently be equal to ₦10,000.

The RCCG General Overseer who was among the critics of subsidy removal in 2012, said the decision of President Bola Tinubu to remove the petrol subsidy was good for the economy.

Speaking at the Special Holy Ghost Congress in Abuja, Adeboye explained that before Tinubu’s administration, the root of the country’s financial issues was the importation of petrol.

He decried that Nigeria was also wasting billions of naira on the four refineries without any result.

He further accused those who were benefitting from the subsidy removal of creating problems in the economy, stressing that “we need help, and it’s not human help; it’s divine help.”

Pastor Adeboye said, “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.”

According to Guardian, the RCCG Overseer stated that as the naira continued to decline rapidly, he prayed and was grateful that others joined him in prayer.

“If God hadn’t intervened, $1 could have been worth ₦10,000 by now. This illustrates how much we need prayers,” Guardian quoted him.