Primate Elijah Ayodele, the leader of the INRI Evangelical Spiritual Church, has warned President Bola Ahmed Tinubu against his administration’s frequent borrowing to fund national projects.
Primate Ayodele noted in a statement signed by his media aide, Osho Oluwatosin, that frequent borrowing demonstrates that the country’s resources have not been used efficiently to enhance the nation.
He stated that if sufficient attention is not provided to continued loans, the country’s economy will suffer.
The prophet stated that the country has resources in several states, including Taraba, Zamfara, Kogi, and others, which can enable the country become self-sufficient.
“Stop borrowing money; we have resources in states like Taraba and Zamfara. Nigeria would go on sale if Tinubu continues to borrow money in this manner. “If we are not careful, the country will sink.”
Primate Ayodele stated that Nigeria is in debt that cannot be fully repaid, despite the fact that there are resources available to salvage the economy rather than debt.
He warned the president not to let it come to the point where no country wants to borrow Nigeria’s money again.
“We are in debt that will never be fully paid off, but we may 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 also warned that borrowing will harm the Nigerian economy.
“Borrowing will kill the Nigerian economy; use resources in some of our states to make the country better,” he said.