 Nigeria's public debt stock is at least $33.1 trillion, according to data from the Debt Management Office. But in just a three-year period, covering July 18 to June 2021, the country recorded a fiscal deficit of $15.35 trillion. Plus TV Africa's Destiny Momo spoke to economic experts who say reducing the cost of governance is one of the things needed to stop the economy from sinking. That servicing, as earlier predicted by the World Bank and the International Monetary Fund, is crowding out investment in infrastructure in Nigeria. Statistics from the Budget Office of the Federal Government shows a $15.4 trillion Naira deficit in three years. Just so you are aware, a fiscal deficit is a shortfall in a government's income compared with its spending. The government that has a fiscal deficit is spending beyond its revenue. Economic experts say Nigeria is getting it all wrong by burrowing to fund projects with little or no prospects of generating income, burrowing to pay salaries and funding elected and appointed officials beyond what it should. A country or an individual or any organization, there is not energy too much. But when one wants to spend too much, one naturally falls into burrowing because it will augment this expenditure or this lifestyle. Culture needs, especially when these things are not, if they were meant for capital expenditure or maybe for a central development or all that, we know that okay, they will equip the decision. Our situation gets worse when you consider the astronomical rise in debt servicing to revenue ratio. In an era where oil production levels and earnings are dwindling, after that the COVID-19 pandemic which is now in the third wave and has constricted the global economy leading to frenzied burrowing worldwide. Shelley and Shokpiton have ideas on how Nigeria can avert an economic collapse. The experts also add that the National Assembly should exercise greater rigor in scrutinizing and approving foreign loan requests from the executive. Destiny Momo for Plus TV Africa.