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Published articles on the activities of the Fiscal Responsibilities Commission
Fiscal Responsibility Act Will Foster Accountability in Petroleum Sector

Chairman of the Fiscal Responsibility Commission (FRC), Mr. Victor Muruako, has said that applying the provisions of the Fiscal Responsibility Act (FRA), 2007, in Nigeria’s extractive industry will bring about accountability, transparency and efficiency in the sector. Mr. Muruako said given the vital place of the petroleum industry which remains a major foreign exchange earner...

FRC TO STEP UP FISCAL REGULATION, AS IMF TRAINS STAFF

The Fiscal Responsibility Commission (FRC) would henceforth redouble its efforts of regulating Nigeria’s fiscal policy space to enthrone a regime of fiscal discipline in the country. Chairman of the Commission, Victor Muruako Esq. made this statement as opening remarks during a two weeks capacity building training organized and conducted by the International Monetary Fund (IMF)...

Time To Amend The Fiscal Responsibility Act

The process for the amendment of the Fiscal Responsibility Act is currently before the National Assembly. It is however imperative that the National Assembly concludes the process and hand over to the President for assent before the advent of a new administration come 2023. The importance of the Fiscal Responsibility Act cannot be overemphasized. The...

FRC TO COLLABORATE WITH GIFT ON TRANSPARENCY IN GOVERNANCE

The Fiscal Responsibility Commission is poised to partner with Growth Initiatives for Fiscal Transparency, GIFT to promote transparency, accountability and prudence in governance which would in turn improve service delivery in the provision of public goods for Nigerians. In his address, the team lead of GIFT, Mr Oke Epia noted that his team is ready...

FRC boss urges states to adopt Fiscal Responsibility Law

The Chairman of the Fiscal Responsibility Commission, Victor Muruako, has called on the federating states to domesticate the Fiscal Responsibility Law. Speaking with the News Agency of Nigeria on Wednesday in Abuja, Muruako noted that it became imperative to adopt this policy in order to consolidate the sterling principles of accountability and transparency in fiscal operations, and...

FG rakes N1.250trn independent revenue in 2021 – FRC

Chairman of the Fiscal Responsibility Commission, Victor Muruako, has said that the Commission helped to raise the Federal Government’s independent revenue to N1.250 trillion in 2021 from N532.903 billion in 2020. The figure for 2021 is the highest independent revenue generated in over eight years by the Federal Government. The FRC chairman made the disclosure...

Sokoto, Kaduna, to boost economy through fiscal responsibility

The Fiscal Responsibility Commission, FRC, has organised a 5-day capacity-building training for the commissions of Sokoto and Kaduna states. FRC, created by the Fiscal Responsibility Act of 2007, advocates a transparent and accountable framework for government financial management. Chief Victor Muruako, the Commission’s Chairman, stated that collaboration with states and local governments would boost the...

Manpower Devt: FRC Gives Technical Assistance to Sokoto, Kaduna States’ Commissions

The Chairman of the Fiscal Responsibility Commission, Chief Victor Muruako, has commended the two Governors of Sokoto and Kaduna State, Governor Aminu Waziri Tambual and Governor Nasir Ahmed El-Rufai, for setting up their states Fiscal Responsibility Commissions. Muruako gave the charge during the opening of a five-day capacity-building session for the chairmen and members of...

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