The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has cautioned President Bola Ahmed Tinubu regarding the frequent borrowings to finance projects in the country.
The warning by Primate Ayodele was contained in a statement signed by his media aide, Osho Oluwatosin, and issued on Saturday.
He made it known that borrowing frequently shows the country has failed to use its resources to better the country.
He stated that the unceasing loans will make the country sink economically if care isn’t taken.
He explained that the country has resources in several states, including Taraba, Zamfara, and Kogi, noting that those resources can be used to make the country self-sufficient.
- ADC Crisis: INEC updates website, restores Mark-led faction
- Actor Lateef Adedimeji, wife welcome triplet sons + Video
- NDLEA dismantles drug bunks, arrests 132, recovers 220kg illicit substances
- Tunji Braithwaite: Foundation unveils Akintunde’s book
- Stop borrowing or Nigeria will sink – Primate Ayodele warns Tinubu
He said: “Stop borrowing money, we have resources in states like Taraba, Zamfara.
“Nigeria will go on sale with the way Tinubu is going about borrowing money.
“The country will sink if we are not careful.”
Aypdele made it known that Nigeria is in debt that can never be fully repaid, despite the fact that there are resources to save the economy instead of debt.
He cautioned the President not to allow it to get to a stage where no country wants to borrow Nigeria’s money anymore.
He said: “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.”
Ayodelee further warned that borrowing will kill the Nigerian economy, adding: “Borrowing will kill the Nigerian economy; use resources in some of our states to make the country better.”
