The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned President Bola Ahmed Tinubu about his administration’s frequent borrowing to fund projects in the country.
In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele stated that frequent borrowing indicates the country has not effectively utilized its resources to improve the nation.
He said that continuous loans will cause the country’s economy to decline if proper attention isn’t given.
The prophet said the country has resources in many states like Taraba, Zamfara, Kogi and others, and he mentioned that these resources can help the country become self-sufficient.
“Stop borrowing money, we have resources in states like Taraba, Zamfara. Nigeria will go on sale with the way Tinubu is going about borrowing money. The country will sink if we are not careful.”
Primate Ayodele made it known that Nigeria is in debt that can never be fully repaid, despite the fact that there are resources to save the economy instead of debt.
He cautioned the president not to allow it to get to a stage where no country wants to borrow Nigeria’s money anymore.
“We are on a debt that can never be fully repaid, but we can use what we have to save the economy instead of these debts.
“The country is rich already; let us not get to a level where nobody would want to borrow from us money again.”
He further warned that borrowing will kill the Nigerian economy.
“Borrowing will kill the Nigerian economy; use resources in some of our states to make the country better,” he added.
