Business Digest August 6, 2025
#BusinessDigestWithDrEIS
On BU$I₦£$$ DIG£$T this morning, August 6, 2025
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WHAT DO WE CALL IT, IS IT LACK OF PRIORITY OF GOVERNMENT SPENDING?
This question is begging for answers recently, owing to how the Government, particularly at the federal level, has been spending and dolling out cash in the name of rewards and largese.
It has become necessary to state that, Government is not broke to meet its financial obligations when it wants to and the ones it chooses to attend to.
●How do we explain the fact that retirees for years haven’t been settled their financial entitlement?
●How do we reconcile the fact that local contractors who have worked and completed are still being owed? These aren’t largese or gift, these are legitimate payments for work done to improve the economy and also grow the Nation.
Yet, we freely and willingly gift our sport women who have excelled in their fields of endeavours.
Meanwhile, the Federal Government has been owing these contractors since 2023, way before these competitions took place.
Where did Government suddenly get money to throw around? Don’t forget we are increasing our foreign debts by the day. We have said upto to $84billion from subsidy removal.
Every spending comes from the Federation Account, which means the funds are there and appropriated for and instructions are given for the expenditures
Or are we saying the $100,000.00 is just mere promissory notes to be settled at a future determinable date?
Or do we need to teach the Federal Government what expenditure is Urgent and Important or Important not Urgent? Should we go that low?
This is a support to the Government of the day by drawing attention to the needs that are basically Urgent and Important.
How do you explain owing retirees for over 2years now who served the Nation 35years?
Are you saying we should now relegate service to the Nation to only sporting activities and competitions that we excelled in as a Nation?
Business Digest is worried because, this is clear misapplication of our common wealth as a Nation, but when as a company, I need to apply for Government jobs, payment for my statutory documents to Government becomes urgent and important, but the same Government has not prioritized payments meant for contractors who are already suffering and their payments if and when paid, have been greatly devalued.
I don’t blame businesses not engaged in or willing to do any form of contract for Government, their peace of mind is on promax level, I tell you.
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Yours-In-Entrepreneurship
*_Dr. Emmanuel Idenyi Shaibu_*
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, FCCFI, FCALM-UK, CCFIP, CNA_
The Millennium Entrepreneur!
*MakingAMarkGlobally*