By KEMI KASUMU
In the meantime, the Nigerian Naira has daily fallen from the N915 buying and N918 selling against Dollar on September 3 to N1,220 against Dollar as of today October 25, 2023.
Fifty-two days after prediction by Redeemed Christian Church of God (RCCG)’s Pastor Enoch Adeboye of Naira’s bance back against the Dollar, the Nigerian currency has further fallen to unprecedented nosedive.
The RCCG General Overseer had predicted on Sunday September 3, 2023 that the Naira would rediscover its lost glory and be stronger than the United States Dollar.
The respected cleric made the prediction amid the free fall of the nation’s currency, which plunged to an all-time low sometime this year.
Though the naira has maintained a steady decline over the years, the monetary policy reforms initiated by President Bola Tinubu, coupled with the nation’s inability to earn enough foreign exchange, have further weakened the currency in recent times, according to a media report.
At the close of business on Friday, September 1, the Naira appreciated against the dollar as it exchanged at N740.38 at the Investors and Exporters window, but findings in the black market revealed that the buying rate of the dollar was at that date about N915 and selling at N918.
This downward slide of the currency had continued to negatively impact businesses and the cost of living of Nigerians, who also have the effect of fuel subsidy removal to contend with.
But Pastor Adeboye offered some ray of hope to Nigerians, saying the nation’s economic fortune would soon experience a positive turnaround.
Speaking during the church’s monthly Thanksgiving Service on Sunday, September 3, 2023, the revered clergy noted that there was a period when the Naira competed favourably with United States dollars.
“The days when Naira will be stronger will come back; those glorious days will return. When that happens you will know,” Adeboye said.
The Daddy GO, as fondly called, noted that miracles connoted something unique, stressing that a lot of times they may not be comprehensible by many.
“Miracle is totally unusual. God can give you a miracle that will be difficult to share,” Adeboye said while explaining how God granted him unusual testimonies.
In the meantime, the Nigerian Naira has daily fallen from the N915 buying and N918 selling against Dollar on September 3 to N1,220 against Dollar as of today October 25, 2023.
The DEFENDER reports that the G.O. has been under widespread criticisms for taking sides with Israel over its repression and oppression of defenceless Palestinian people, including women and children, until its atrocities peaked in resistance attack launched by Hamas, the elected government of Gaza, on Saturday October 7.
