Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), says Nigeria is “moving steadily towards bankruptcy” under President Muhammadu Buhari as the regime’s reckless borrowing is driving the nation’s economy to the brink of collapse.


The clergyman, while delivering his Sunday sermon at the Redemption Camp along Lagos-Ibadan expressway, expressed worry at the increased level of corruption in the oil and gas sector, alleging that officials sell-off over 80 per cent of the nation’s crude oil for their personal gain.

“80 per cent of what should have been the income of a nation is going into the hands of some people. That’s a lot of money, men!” said an alarmed Pastor Adeboye.

The clergyman rhetorically queried the purpose of amassing such wealth at the expense of impoverishing the entire country.

He further queried the identities of nations buying the stolen fuel and if they were true allies of Nigeria. 

According to him, more than 90 per cent of the proceeds of the leftover stolen fuel were used in servicing debt interests accumulated by Nigeria.

“It is open secret, undenied, that more than 90 per cent of our annual income, of the money we get, from the leftover of the oil that was stolen. We are using it 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.

“According to a friend of mine, we are moving steadily into bankruptcy,” continued the RCCG overseer.

The RCCG overseer then said 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.”

Nigeria’s debt has risen the most under Mr Buhari, whose notorious penchant for borrowing is three times more than all the past administrations combined.

Former President Olusegun Obasanjo’s tenure saw a drastic reduction in the nation’s foreign debt. Mr Obasanjo met a foreign debt burden of $28 billion but reduced it to $2.11 billion before leaving.

His successor, Umaru Musa Yaradua, incurred $1.39 billion, while Goodluck Jonathan incurred an additional $3.8 billion during his tenure, bringing the nation’s debt to $7.3 billion as of 2015.

However, the incumbent president, Mr Buhari, has acquired a whopping  $21.27 billion loan, taking Nigeria’s external debt to an all-time high of $28.57 billion as of December 2020.

In addition to acquiring enormous debt, Mr Buhari has also depleted the Excess Crude Account (ECA) from $2.1 billion left by Jonathan to a paltry sum of $35million, giving credence to the report that he is unable to manage the nation’s resources judiciously.

Mr Buhari’s spokesperson,  Garba Shehu, could not be reached for comments as his line was not connecting at the time of filing this report.

BeeBeeOoh:


This man has no moral justification to criticize Buhari because, he was one of those that helped in the enthronement of this world major shareholdeyr and distributors of suffering, hardship and gnashing called Muhammadu Buhari and his boy, Pastor Yemi Osinbajo.

another1:

You are wrong.
Helping him into power doesn't mean he can not criticise him.

BeeBeeOoh:


Yes! He shouldn't dare to criticize Buhari because, he, Pst. Adeboye knew quite well back then that Buhari has nothing to offer Nigeria and Nigerians but, they all fail to see beyond their nostrils because their was about to become the Vice President then.

Besides, why should he criticize only Buhari and exonerate Pastor Yemi Osinbajo?

You see the hypocrisy?

BeeBeeOoh:


This man has no moral justification to criticize Buhari because, he was one of those that helped in the enthronement of these world major shareholders and distributors of sufferings, hardship and gnashing of teeth called Muhammadu Buhari and his boy, Pastor Yemi Osinbajo.

omenkaLives:
You Okoros on this platform are something else.

The same Okoros that say this are the ones that would give up their lives for Atikwu, the Roman Catholic Bishop.

You peoples hypocrisy stinks. Adeboye is not answerable to any miserable Okoro. Get that into your head.

Spits.

SmartPolician:
A lot of people know this but lack the courage to speak truth to power. I want to appreciate Pastor Enoch Adeboye for speaking the truth, even though his key pastor is the second man driving the country into economic oblivion.

Xscape1993:
We know this too sir. This is the worse government in the history of Nigeria as a nation. Nigeria and Nigerians are at God's mercy at the moment. They have totally ran out of good ideas for good development. No normal human should even talk about this evil party. In an ideal society, this evil government should have apologized to Nigerians and leave the corridor of power in shame.

vasel15:
Adeboye the hypocrite the same man that brought the 1984 failure back to power

Xscape1993:
We know this too sir. This is the worse government in the history of Nigeria as a nation. Nigeria and Nigerians are at God's mercy at the moment. They have totally ran out of good ideas for good development. No normal human should even talk about this evil party. In an ideal society, this evil government should have apologized to Nigerians and leave the corridor of power in shame.

jowhyte:
Daddy GO with due respect. It’s no secret you supported this disaster regime to assume office in 2015.

Posterity will not be kind to you at all. It was only bishop Oyedepo that was screaming and warning Nigerians vehemently against this impending colossal disaster of a government and people called him an alarmist because he knew bubu antecedents that leopard will never change its spot. Shame!

Donshegxy10:

.

It is obvious you did not listen to the message, he basically repeated himself several times because of people like you.

He did not mentioned buhari, he said THIS GOVERNMENT, which includes osinbajo.

BeeBeeOoh:


Yes! He shouldn't dare to criticize Buhari because, he, Pst. Adeboye knew quite well back then that Buhari has nothing to offer Nigeria and Nigerians but, they all fail to see beyond their nostrils because their was about to become the Vice President then.

Besides, why should he criticize only Buhari and exonerate Pastor Yemi Osinbajo?

You see the hypocrisy?

BeeBeeOoh:


This man has no moral justification to criticize Buhari because, he was one of those that helped in the enthronement of these world major shareholders and distributors of sufferings, hardship and gnashing of teeth called Muhammadu Buhari and his boy, Pastor Yemi Osinbajo.

aribisala0:
Buhari won an election which means majority of Nigerians in their millions have no moral justification to criticize?

Eboes need to calm down and stop taking things personally.

BeeBeeOoh:


Please what brought Eboes into the discussion??

ablejesus26:


You are actually wrong.
Helping Him into power doesn't mean He should not criticize Him.

aribisala0:
Eboes brought themselves. Always talking about 2015 . Buhari won an election that means MAJORITY of Nigerians voted for him so no one is to blame for bringing him to power.

Only Eboes continue this churlish nonsense