There is a striking and consistent increase in Nigeria’s debt servicing costs over the past fifteen years, reaching a cumulative of ₦45.57 trillion between 2010 and 2024. From ₦400 billion in 2010, debt service expenditures have skyrocketed to an estimated ₦11.8 trillion in 2024, demonstrating the heavy burden of rising national debt. In the 2025 federal government proposed budget, N16.33 trillion was allocated to debt servicing. As debt servicing costs increase, the opportunity cost — resources that could otherwise be directed to health care, education, and infrastructure — becomes more evident.