In a recent video on Facebook, Prophet Primate Elijah Ayodele has raised fresh concerns over Nigeria’s economic outlook, warning that the country’s debt profile may worsen in the coming weeks if urgent measures are not taken.....…
In a recent prophetic message, Ayodele reiterated his earlier position ... on Nigeria’s financial trajectory, stating that the nation could experience a significant increase in its debt burden. According to him, “Debt will increase,” a statement he said aligns with warnings he had issued weeks earlier regarding fiscal pressures facing the country.
The cleric emphasized the urgency of the situation, predicting a short-term development that could further strain the economy. He said: “I told you a few weeks ago, I’m telling you that in the next 40 days, you will see it.” His remarks suggest that economic indicators may reflect rising borrowing levels or financial obligations within a relatively short period.
Ayodele went further to describe what he sees as a troubling outcome if current trends persist. He stated: “At the end, the debt of Nigeria will be higher,” indicating concerns about sustainability and the country’s ability to manage its financial commitments effectively.
Economic analysts say Nigeria has faced increasing debt challenges in recent years, driven by infrastructure financing needs, budget deficits, and fluctuating revenue from oil and other sources. While borrowing is often used to support development projects, experts caution that rising debt without corresponding revenue growth could pose long-term risks.
Ayodele’s comments have added to ongoing discussions among policymakers and financial experts about the need for fiscal discipline, improved revenue generation, and strategic economic planning. His warning also reflects public concerns about inflation, currency stability, and the overall cost of governance.
There has been no official response from government authorities regarding the specific claims. However, economic managers have consistently maintained that Nigeria’s debt remains within manageable limits, while also emphasizing efforts to improve revenue and reduce reliance on borrowing…....…
