The spiritual leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has issued a stark caution to President Bola Tinubu regarding the government’s ongoing borrowing strategy. In a communication from his media representative, Osho Oluwatosin, the cleric emphasized that excessive borrowing signals a failure to harness the nation’s existing wealth for meaningful development.
Ayodele argued that persistent loans, if not addressed, could precipitate a severe economic downturn. He highlighted that Nigeria possesses abundant natural resources across multiple states, including Taraba, Zamfara, and Kogi, which could be leveraged to achieve economic independence. “Stop borrowing money; we have resources in states like Taraba and Zamfara. Nigeria will effectively be put up for sale if Tinubu continues this borrowing trajectory. The country will sink if we are not careful,” he warned.
The prophet further asserted that Nigeria’s debt mountain is insurmountable and that the nation’s own resources should be used to stabilize the economy rather than relying on external loans. He urged the president to avoid reaching a point where global lenders refuse to extend further credit to Nigeria. “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,” Ayodele stated.
Concluding his admonition, Ayodele declared that continued borrowing would ultimately destroy the Nigerian economy. He reiterated the need to utilize the resources in various states to improve the nation’s condition. “Borrowing will kill the Nigerian economy; use resources in some of our states to make the country better,” he added.