- Nigeria's public debt reached N159.28 trillion by April 2026. - The current administration added N65.9 trillion in 24 months. - Debt-to-GDP ratio is misleading; the debt-service-to-revenue ratio (exceeding 100%) is the true indicator of fiscal distress. - Proposed solutions include digitizing tax collection, enforcing the Fiscal Responsibility Act, restructuring Eurobond maturities, creating a stabilization fund, and fiscal decentralization.