
Flashing N6.7BN Without Cost Structure Is Fiscal Misdirection- Recurrent Costs, Not Office Walls, Drive Government Spending- By Prof Chukwuemeka Ifegwu Eke
FLASHING ₦6.7BN WITHOUT COST STRUCTURE IS FISCAL MISDIRECTION — RECURRENT COSTS, NOT OFFICE WALLS, DRIVE GOVERNMENT SPENDING By AProf. Chukwuemeka Ifegwu Eke Let us bring clarity and structure into the debate. Waving a single figure — such as ₦6.7 billion for the Governor’s Office — without cost composition breakdown is not financial analysis. It is presentation without structure. IN PUBLIC FINANCE, STRUCTURE MATTERS MORE THAN HEADLINE FIGURES. Globally, government budgets are divided into two major cost blocks: capital (fixed/asset costs) and recurrent (operational costs). The fixed structure — buildings, offices, furniture, utilities, maintenance — typically represents a small fraction of…







