Pastor Enoch Adeboye, of the Redeemed Christian Church of God (RCCG), has lamented that Nigeria is speedily moving towards bankruptcy under the present administration.
The soft speaking preacher, noted that the President Muhammadu Buhari led administration’s borrowing is driving the nation’s economy to the brink of collapse.
Adeboye who stated this while delivering his Sunday sermon at the Redemption Camp, during the April edition of the church’s monthly general thanksgiving service expressed worry at the increased level of corruption in the country.
“80 percent of what should have been the income of the nation is going into the hands of few individuals..” he said.
He wondered the purpose of amassing such wealth at the expense of impoverishing the entire country.
According to him, more than 90 percent of the proceeds from the nations’s were used in servicing debt interests accumulated by Nigeria.
“It is open secret, undenied, that more than 90 percent of our annual income, of the money we get, are being used to pay the interest of the money we have already borrowed. And then, it is in the news, we are borrowing more!” Pastor Adeboye emphasised in an alarming tone,” he continued.
“According to a friend of mine, we are moving steadily into bankruptcy,” continued the RCCG overseer.
The RCCG overseer further noted that he wasn’t excited by the upcoming 2023 general elections as there were pertinent questions to tackle before the expiration of Mr Buhari’s tenure.
“So, you can see the reason I’m not thinking of 2023. Maybe, that’s why God has not spoken to me about it because there is a lot to deal with now.”