In a statement made on Friday, Primate Elijah Ayodele, leader of the INRI Evangelical Spiritual Church, asserted that President Bola Tinubu is receiving economic advice from Nigerian Finance Minister Taiwo Oyedele that is incorrect.
Ayodele claimed in a statement via the prophet’s chief of communications, Osho Oluwatosin, that Tinubu’s administration is seeking loans because they were given bad advise, and that this will come back to hurt the country.
The more money Tinubu borrows, the less likely he is to win the next election, according to the prophet. This is because Nigerians are furious, and the country’s economy is getting worse, even if Tinubu borrows more money.
Instead of constantly borrowing money from banks, Ayodele urged the government to harness the country’s resources and turn them into wealth.
In a stern warning to the CBN governor and the finance minister, he said that the nation is deeply in debt and urged them not to spend tax money.
Primate Ayodele has stated that Tinubu is losing support for his reelection campaign because he keeps taking out loans. The Minister of Finance and the Governor of the Central Bank should not use tax money to produce money; instead, our mineral resources could be utilised to generate revenue. A lot of money is owed to Nigeria. We need to make do with what we have in order to raise capital, but the government isn’t taking this seriously.
He went on to say that the finance minister’s suggestion was useless and advised Tinubu to stop borrowing money and figure out how to pay off Nigeria’s obligations.
Instead of taking out new loans, Tinubu should figure out how to pay off the debt and put his energy into making the economy stronger. Nigeria will not benefit from the measures that the Minister of Finance is recommending to the government.