How divine intervention prevented Naira from plummeting to ₦10,000 per Dollar: Pastor Adeboye

Pastor E.A. Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), has credited divine intervention for averting a severe devaluation of the naira, suggesting that the exchange rate could have surged to ₦10,000 per dollar without God’s help.

During his message at the Special Holy Ghost Congress held in Abuja, Adeboye addressed Nigeria’s economic struggles, attributing them partly to the nation’s dependence on imported fuel.

He emphasized that, despite Nigeria’s substantial oil wealth, the persistent reliance on fuel imports continues to strain the economy.

The cleric expressed concern over the billions of naira invested in refineries that remain largely non-functional, highlighting the burden this places on Nigeria’s financial stability. He further discussed the government’s recent removal of fuel subsidies, a measure aimed at reducing financial strain but one that has sparked discontent among those who previously benefited from the subsidy regime. Adeboye suggested that this move has compounded 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 said.