The Leader Of INRI Evangelical Spiritual Church, Primate
Elijah Ayodele, has warned of an impending rise in the dollar exchange rate.
Primate Ayodele warned that the dollar exchange rate would
soon rise to N650 due to the economic challenges.
The clergyman noted that the dollar would not return to N200
or N350 again due to the economic challenges that may befall Nigeria if not
addressed.
In a statement by his spokesman, Oluwatosin Osho, he
explained that the country needs special prayer to overcome the economic
challenges.
According to Ayodele: “The economy will not be any better,
and some state governors will be in debt. Workers and banks will face some
challenges, we still don’t understand what this economy is talking about, and
we need serious prayers at this very crucial time.
“There will be an increase in standard and cost of living.
Nigeria will still borrow, and we must also be careful of our oil products.
“There are a lot of dirty things in NNPC that will open the
government to risk. The economy will not smile at all, it will affect the rich
and the poor.
“I see CBN rushing to print more money to salvage the
economic situation of Nigeria, it will be very serious if the government
doesn’t act now. The dollar cannot go back to 200 or N350 again, it will soon
rise to N650.”
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