Pastor Adeboye: Fuel Subsidy Opponents Created Economic Woes, But God Intervened

Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), has claimed that Nigeria’s economic struggles, including the rapid depreciation of the Naira, were intentionally worsened by individuals opposing President Bola Tinubu’s removal of fuel subsidies.

In a recent sermon shared via video, Adeboye acknowledged that Nigeria’s financial challenges existed before Tinubu’s presidency but suggested that subsidy beneficiaries, unhappy with the reforms, orchestrated a crisis that further devalued the Naira.

According to Adeboye, the country narrowly avoided a catastrophic exchange rate of $1 to ₦10,000 due to divine intervention prompted by fervent prayers. “I cried to my people, let us pray. Thank God some people joined me in praying because the way the Naira was going, if God had not intervened, by now $1 would have been about ₦10,000,” he said.

The cleric praised Tinubu’s decision to end fuel subsidies on his first day in office, calling it a necessary step to address Nigeria’s financial issues. “Before our President came in, everybody knew the major reason we were having financial problems was the billions spent importing petrol, despite having abundant resources here,” he noted.

However, Adeboye alleged that individuals profiting from fuel importation became angered by the move and took actions to destabilize the economy. “All of a sudden, the Naira began to go down fast,” he said.

The pastor concluded by thanking God for His intervention, attributing the stabilization of the Naira to divine grace in response to prayers.

The remarks highlight the intersection of faith, economics, and governance, sparking discussions about the broader implications of fuel subsidy removal and its ripple effects on Nigeria’s economy.