Nigeria’s public debt has become a spectre that looms large over every economic conversation, to the extent that it was one of the most debated issues during the 2023 general elections. For a country that spent over half of its public revenue on debt servicing, it is not surprising that this became an attention-grabbing issue. And the speed of growth of the stock of public debt in the last administration has not made it less of a concern. From about N12 trillion, the public debt stock ballooned to nearly N100 trillion. Indeed, Nigeria’s public debt has become a spectre that looms large over every economic conversation.