According to report wey Premium Times get, di Federal Capital Territory (FCT) don move from ninth lowest to second highest indebted for Nigeria, under di leadership of Minister Nyesom Wike. Dis one na big change, because before Wike come, FCT no dey among di high debtors. But now, e don climb to second position for di table of states wey owe plenty money.
Di report show say di debt profile of FCT don change dramatically. Wike wey be former governor of Rivers State, don dey carry FCT like im own property. Some observers say e dey borrow money to do projects, but di debt wey dey accumulate dey worry people. Di question now be say, wetin FCT get to show for all dis borrowing?
Under previous administration, FCT dey among di states with low debt, but now e don enter top two. Dis one mean say di minister don increase di borrowing of di Federal Capital Territory plenty. As e dey take decisions about money, people dey ask if di projects wey dem dey do worth di debt wey dey gather.
Di development don raise concern among residents, as e mean say di region dey owe more than im peers. For Nigeria, many states dey struggle with debt, but FCT wey be federal territory supposed to dey careful. Wike don promise make e develop di area, but di cost of development na plenty borrowing.
Di report explain say before Wike take over, FCT dey di ninth position from di bottom for debt. Now, e don become second highest, wey be big jump. Dis one fit affect di ability of FCT to pay workers or do other important things, because plenty money go go for debt repayment.
Some people dey talk say di debt no be problem, because e go bring infrastructure. But others dey fear say di borrowing go too much. No doubt, Wike don dey do road projects and other construction, but di price na increasing debt. As time dey go, di people of FCT go feel di effect, whether positive or negative.
Di recent data show say only one state dey higher than FCT for debt. Dis one no be small thing, because FCT na seat of government. E dey important to note say di debt under Wike don change di ranking of FCT from low debtor to high debtor.
According to di report, dis move happen within di time wey Wike don serve as minister. E mean say di debt wey FCT carry now don pass many states wey dey known for borrowing. Di federal government go need to monitor dis situation, to make sure say FCT no go comot hand for debt.
As residents dey watch, dem dey hope say di borrowing go translate to better life for di people. But for now, di record show say FCT don enter di top two for indebtedness. Wike go need to explain to di people wetin dey behind dis big change.
