Wike Borrowed N300B, He’s Just Dancing, You Do For Me, I Do For You, How Many Roads Did We See-Fayose

Isaac Fayose, a supporter of the Nigeria Democratic Congress (NDC), has criticised Minister of the Federal Capital Territory (FCT), Nyesom Wike, over the territory’s borrowing and use of public revenue for development projects.

Speaking during an interview on News Central TV, Fayose questioned the level of infrastructure delivered in Abuja in relation to the funds he alleged had been borrowed by the FCT Administration. He claimed that Wike had borrowed more than ₦300 billion, apart from funds received through the Federation Account Allocation Committee (FAAC).

In his words, “Wike has borrowed over 300 billion in the FCT, apart from the FAAC, and he’s just dancing, you do for me, I do for you, how many roads did we see with that amount?”

Fayose questioned how the funds had been utilised and asked how many roads and bridges had been constructed with the resources reportedly available to the FCT. He argued that the amount involved should have resulted in significant infrastructure development across the capital.

Available financial data show that the FCT’s domestic debt increased substantially during Wike’s tenure. According to an analysis of Debt Management Office (DMO) figures, the territory’s domestic debt rose from ₦88.51 billion in September 2023 to ₦389.88 billion by March 2026. The FCT also received ₦432.13 billion in FAAC allocations between August 2023 and March 2026.

However, the debt figures alone do not establish how the funds were obtained or whether they were spent improperly. Wike has defended the FCT’s borrowing, while lawmakers have also disputed allegations that the administration violated borrowing requirements.

Fayose also raised questions about the issuance of Certificates of Occupancy (C of O) under the FCT Administration, alleging that thousands of documents had attracted substantial payments. These claims were presented by him during the interview and were not independently established in the material provided.

The comments come amid broader political disagreements over Wike’s administration of the FCT, particularly concerning borrowing, revenue and infrastructure development.