The Federal Capital Territory’s domestic debt has skyrocketed under Minister Nyesom Wike, leaping from the ninth-lowest to the second-highest in Nigeria. Data shows the debt surged from N88.51 billion in August 2023 to N389.88 billion by March 2026, a 340.5% increase. This dramatic rise occurred alongside significant federal revenue inflows, though crucial financial records remain unavailable for public scrutiny.
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