Economy News

Nigeria’s high debt servicing figure worries Adeboye

 General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has described as worrisome Nigeria’s current economic woes.

Adeboye said he was alarmed when he learned that debt servicing alone gulps a high percentage of the nation’s income.

He said this at the Special Thanksgiving and Prayer for President Muhammadu Buhari,   governors, lawmakers, royal fathers, and their families held at the RCCG  national headquarters,  Throne of Grace in  Ebute-Metta,  Lagos.

The thanksgiving was monitored live by RCCG members in their parishes.

Adeboye also spoke on COVID-19 , describing it as a noisome pestilence.

His words: “ If we have a problem in our nation, it has to do with economics. When l asked those who understand the language and how much we need to service our debt, they said that it is the interest you pay so that they will know you are alive.

“What is needed to pay and keep our debt breathing is about  98  percent of the nation’s income.  We have problems and we are still borrowing a little bit more.”.

Adeboye however, assured that when God is involved in the affairs of a nation,  he can turn the tide of its economy for good.

He also  expressed worry over   terrorism, killings, and kidnappings in the country, saying it is regrettable that such abominable acts were daily desecrating the land.

The cleric made reference to how traditional rulers were in the past accorded high regards in the country, especially in the Southwest, unlike now that they have also become soft targets of kidnappers.

Adeboye, however,  said that solution was underway as Nigeria would be another testimony to the world,  His words:  “God will give Nigeria rest. When God is involved, he can turn a failure into an overnight success…

“If God gets involved in the affairs of a nation, he will put an end to terrorism…When God gets involved in our nation, he can turn the tide of the economy. Whether we believe it or not, Nigeria will survive.

“Whether we believe it or not he  (God) can solve a national crisis overnight. Very soon this country will be another testimony to the world. I believe it will be well with us.”

The clergyman led the congregation in sessions of prayer for the national and traditional leaders, asking that God grants them wisdom to rule rightly.

He also proclaimed that God would promote, settle and protect the congregants.

Lagos State  Governor Babajide Sanwo-Olu,  who attended the service in the company with his wife, Dr. Ibijoke,  appreciated Adeboye and his wife, Pastor Folu, for their prayers and support.

In line with the theme of the service, Sanwo-Olu noted that “God has divine involvement in our nation”

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