Pastor Adeboye Supports Subsidy Removal, Says Prayers Prevented Naira Collapse

Pastor Adeboye Supports Subsidy Removal, Says Prayers Prevented Naira Collapse

Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), has expressed his belief that divine intervention prevented the Naira from crashing to ₦10,000 per dollar. Adeboye, who had criticized the removal of the petrol subsidy in 2012, now supports the decision made by President Bola Tinubu, asserting...CONTINU READING…

that it was essential for Nigeria’s economic recovery.

During the Special Holy Ghost Congress in Abuja, Adeboye explained that Nigeria’s financial woes were rooted in the country’s reliance on imported petrol, despite being an oil-producing nation. He criticized the billions of naira wasted on non-functional refineries, which added to the burden.

The RCCG leader acknowledged the backlash from those who lost out from the subsidy removal, but emphasized the necessity of divine assistance in addressing Nigeria’s ongoing economic challenges. He also reflected on the naira’s rapid depreciation, thanking God for the prayers that helped stabilize the currency.

“If God hadn’t intervened, $1 could have been worth ₦10,000 by now,” Adeboye said, highlighting the critical importance of prayer in the nation’s recovery