Primate Elijah Ayodele, the Leader Of INRI Evangelical Spiritual Church, has warned of an impending rise in the dollar exchange rate.
Primate Ayodele warned that the dollar exchange rate would soon rise to N650 due to the economic challenges.
The clergyman noted that the dollar would not return to N200 or N350 again due to the economic challenges that may befall Nigeria if not addressed.
In a statement by his spokesman, Oluwatosin Osho, he explained that the country needs special prayer to overcome the economic challenges.
According to Ayodele: “The economy will not be any better, and some state governors will be in debt. Workers and banks will face some challenges, we still don’t understand what this economy is talking about, and we need serious prayers at this very crucial time.
“There will be an increase in standard and cost of living. Nigeria will still borrow, and we must also be careful of our oil products.
“There are a lot of dirty things in NNPC that will open the government to risk. The economy will not smile at all, it will affect the rich and the poor.
“I see CBN rushing to print more money to salvage the economic situation of Nigeria, it will be very serious if the government doesn’t act now. The dollar cannot go back to 200 or N350 again, it will soon rise to N650.”