By Richard Benjamin
Senior Pastor of House on the Rock Church, Paul Adefarasin, has generated widespread reactions following remarks about Nigeria’s economic situation and the declining value of the naira.
In a sermon clip that circulated widely online, Adefarasin said the country’s economic realities had significantly reduced the global value of wealth held in naira.
The cleric reflected on how salaries considered substantial decades ago would carry far less value today due to inflation and currency depreciation.
He also questioned the dollar value equivalent of large sums held in naira, urging Nigerians to confront current economic realities and pursue long term solutions.
The comments triggered mixed reactions on social media, with some Nigerians agreeing with his concerns over inflation and living costs, while others criticized the remarks as insensitive.
The discussion has continued to trend online amid broader public frustration over rising prices, naira depreciation, and the cost of living.
