Nigeria Adeboye: Divine Intervention Prevented ₦10,000 to $1 Exchange Rate

Pastor Enoch Adeboye of RCCG states that Nigeria's exchange rate could have reached ₦10,000 to $1 without divine intervention. Speaking at the Special Holy Ghost Congress in Abuja, he linked the country’s financial struggles to dependence on fuel imports, highlighting the need for divine help amid ongoing economic challenges.
Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), recently shared his concerns over Nigeria's ongoing financial struggles. Speaking at the Special Holy Ghost Congress in Abuja, he emphasized that, without divine intervention, the exchange rate could have skyrocketed from ₦10,000 to $1. He attributed much of Nigeria's economic troubles to the country's reliance on imported fuel, despite its status as an oil-producing nation.

Adeboye criticized the mismanagement of billions of dollars spent on refineries that have remained non-operational, forcing the country to rely on expensive imported petrol. He also addressed the controversial fuel subsidy removal, which he believes angered those who benefited from the old system, adding further strain to Nigeria’s economic situation.

The RCCG leader pointed out that Nigeria's financial problems predate the current administration, highlighting that the reliance on imported fuel had long been an issue. Adeboye stated that when President Bola Tinubu removed the fuel subsidy, it only intensified the anger of those who profited from the former system.

Acknowledging the dire state of the nation's economy, Adeboye stressed the importance of divine help and prayer. Reflecting on the rapid devaluation of the naira, he said, "If God hadn't intervened, $1 could have been ₦10,000 by now," underscoring the urgent need for continued prayers to stabilize Nigeria's financial situation.