General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has said that Nigeria would experience glorious days again when the naira was more valuable than the United States dollar.
Adeboye recounted how he encountered uncommon financial miracles in his early days as the General Overseer of the church.
Preaching on ‘Uncommon Miracles’ during the September Thanksgiving Service of the church at the RCCG, National Headquarters, Ebute Metta, Lagos, the renowned Revered Pastor mentioned that the Nigerian naira was stronger than the dollar and had more purchasing power than now, prophesying that such glorious days would return.
Adeboye, observing the faint ‘Amen’ from the congregation, re-echoed that whether they believed or not, those glorious days would return, which made the members respond with a resounding ‘Amen!’
“When the Naira was stronger than the dollar. Don’t worry, those days will return,” Adeboye said.
Reacting to the congregation’s reluctant agreement, he affirmed, “Oh! I know you don’t believe me. If the Lord I serve is still on the throne, those glorious days will return. Maybe when that happens, you will know that there is a God of miracles.”
Explaining how God granted him usual testimonies, some of which many people couldn’t believe, Pastor Adeboye said: “Miracle is totally unusual. God can give you a miracle that will be difficult to share.”
The Naira has been facing an unprecedented turbulence since the inauguration of President Bola Ahmed Tinubu on May 29, 2023 as he began to roll out his economic reforms.
Criticising the Central Bank of Nigeria (CBN) in his inaugural speech and stating that the nation’s monetary policy requires a “thorough house-cleaning,” his new pick for Acting CBN Governor rolled out measures on June 14, 2023 including the unification of all segments of the foreign exchange (FX) market.
Replacing the old regime of multiple exchange rate “windows” for different purposes with in a market driven rate, the Naira began a free fall, tumbling up to 36 per cent against the dollar on the official market.
However, the Naira appreciated against the dollar on Friday, exchanging at N740.38 at the Investors and Exporters window and gaining 2.93 per cent compared to the N762.71 it exchanged on Thursday. Meanwhile, the open indicative rate closed at N775.17 to the dollar on Friday.
But at the parallel market, popularly known as black market, the buying rate for one dollar is about N915 and the selling rate is at about N918.
