The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has disclosed that the Nigeria economy will not survive without borrowing, adding that President Bola Tinubu’s administration will not get solution to the economic hardship in the country.
The cleric made this known in a statement by his spokesman, Oluwatosin Osho, saying that the economy will keep fluctuating and for the next four years, Nigeria will keep struggling.
Primate Ayodele urged Nigerians to prepare for more difficult times, stating that the country will not survive without borrowing money and it will lead to the incapacity of so many states.
The cleric stressed that one of the solutions to eradicating economic hardship is by fighting corruption but he cannot see that happening.
Primate Ayodele also reacted to the statement of BUA chairman to reduce cement price to N3000.
Primate Ayodele said, ‘’I want to advise the minister of finance and CBN governor that there is no way Nigeria will survive without borrowing. So many states will be incapacitated if the country doesn’t borrow.
“Nigeria’s economy is sitting on a time bomb; the government will not get the solution to economic troubles. We will continue to suffer this for four years.
‘’The President needs so much work in the economy; if you don’t fight corruption, you can’t eradicate economic hardship and I don’t see that fight happening. The CBN governor is sitting on hot seat.
‘’BUA cement said he will bring down cement to N3000. I am not seeing the possibility because things will get tougher.’’
