The General Overseer of the Redeemed Christian Church of God, RCCG, Pastor E.A Adeboye has disclosed his discussion with his former classmate, when he heard that Nigeria’s overall debt has leaped to N55 trillion.
Adeboye, who talked during a sermon at an interdenominational community gathering held in Abuja yesterday to celebrate Nigeria’s 61st independence anniversary and the 45th commemoration of the Christian Association of Nigeria, CAN, said he was stunned when he heard that President Muhammadu Buhari as of late requested the approval of lawmakers for more external loan.
Talking on the need of expressing gratitude toward God consistently, the eminent minister said it was a great idea to be hopeful that all will be well once more.
Ekeibidun Tv reports that in the midst of clamors from Nigerians over his consistent getting, President Buhari, a couple of days prior, looked for the National Assembly’s endorsement of another $4.054bn and €710million credit.
The move stirred reactions from Nigerians, as some attacked the President, blaming him for intending to sell the country.
Review that previous President, Olusegun Obasanjo while responding to the move for new credit, castigated Buhari, saying that acquiring to collect obligation for the cutting edge is criminal.
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.”