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Subsidy removal, forex unification necessary to make Nigeria stand out, says cleric

Israel Ogundipe, the shepherd-in-charge of Celestial Church of Christ, Genesis Global, has asked Nigerians to be patient with the administration of President Bola Tinubu, saying the policies of the new government are necessary to make the country stand out in the comity of nations.

The cleric made this known in a statement on Friday ahead of the church’s Stand Out Conference 2023, which is slated to hold August 13 at the Oriental Hotel in the Victoria Island area of Lagos state.

Ogundipe said subsidy removal on premium motor spirit, popularly known as petrol, as well as the unification of the country’s foreign exchange rates came with some initial economic discomfort.
He, however, said the pain of the present is nothing to be compared with the gains of the nearest future.

“Tough times don’t last but tough people do. It takes initial sacrifices and pain for Nigeria to stand out among the comity of nations. So, I have no doubt that the policies of the present administration will pay off on the long run,” Ogundipe said.

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“It is a public fact that fuel subsidy and multiple foreign exchange rates have been funnels of corruption and round tripping respectively and they have both been exploited by a few unpatriotic elements over the years.

“Already, the removal of fuel subsidy and the unification of forex have been applauded by the international community including the World Bank, the United Kingdom, amongst other global economic heavyweights who have far-better economies.”

The Stand Out Conference 2023, which is free and open for all to attend, will feature reputable conference speakers including Bola Idowu, pastor of Harvesters International Christian Centres; as well as anointed music ministers such as Yinka Alaseyori, Dare Justified, among others.

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