The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, explained that if God had not intervened, one dollar would have been equal to N10,000.
The General Overseer of the RCCG, who urged in 2012 that the subsidy be scrapped, said President Bola Tinubu’s move to scrap the petrol subsidy was good for the economy.
Speaking at the Special Holy Ghost Congress in Abuja, Adeboye emphasised that, prior to Tinubu, the economy had been mired in oil importation.
Nigeria, he lamented, was spending billions on four refineries without making much headway.
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He also accused those who got a subsidy cut off making economic issues worse ‘’cause we need aid, not man’s help, but God’s.
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 reports made by Guardian, the RCCG Overseer stated that as the naira continued to decline rapidly, he prayed and was grateful that others joined him in prayer.
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“If God hadn’t intervened, $1 could have been worth ₦10,000 by now. This illustrates how much we need prayers,” Guardian quoted him.
