The General Overseer of the
Redeemed Christian Church of God, RCCG, Pastor E.A Adeboye has revealed his
conversation with his former schoolmate, when he heard that Nigeria’s total
debt has jumped to N55 trillion.
Adeboye, who spoke during a
sermon at an interdenominational church service held in Abuja yesterday to mark
Nigeria’s 61st independence anniversary and the 45th anniversary of the
Christian Association of Nigeria, CAN, said he was shocked when he heard that
President Muhammadu Buhari recently requested the approval of lawmakers for
more external loan.
Speaking on the necessity of
thanking God always, the renowned pastor said it was good to be optimistic that
all will be well again.
He said, “I have a friend that we
schooled about the same time and we were also born at about the same time. He
is always optimistic about everything. When we heard that Nigeria was owing
N55tn, he said ‘praise the lord’, and when I looked at him with a question on
my face, he quickly said those who are praying for ‘one Nigeria’ are many and
that the creditors know that if the country does not survive, they won’t be
able to get their money back.
“When we later heard that the
interest Nigeria has to pay on debt is 98 per cent of our total income and that
even the Senate has approved that we should borrow more, he said ‘glory be to
God’.
“I said how would you say glory
be to God? He said ‘when what you owe is more than what you can pay, the
creditors have a choice. It is either they forgive you your debts or you go
ahead and declare bankruptcy. They get angry and then they come and seize the most
valuable thing you have.’
“He said that the most precious
thing the debtors can seize in this country is the Aso Rock. When I said, what
is there to thank God for in that? He said ‘have you not been listening to the
news that the President said he would love to visit Daura every two weeks?
“So, he told me that if they
seize Aso Rock, his (Buhari’s) request would be granted, he won’t have to be
visiting Daura every two weeks. He would just move the seat of power to Daura,
his home town.”
Amid
outcries from Nigerians over his constant borrowing, President Buhari, a few
days ago, sought the National Assembly’s approval of another $4.054bn and
€710million loan.
The move triggered backlash from
Nigerians, as some attacked the President, accusing him of intending to sell
the country.
Recall that former President,
Olusegun Obasanjo while reacting to the move for fresh loan, berated Buhari,
saying that borrowing to accumulate debt for the next generation is criminal.
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