Staff of Nigeria’s Fiscal Responsibility Commission (FRC) recently completed a one-week benchmarking and peer learning visit to the Parliamentary Budget Office (PBO) of Kenya, facilitated and sponsored by the IMF’s African Regional Technical Assistance Centre in West Africa (AFRITAC West 2) based in Accra. The visit aimed to enhance knowledge sharing and best practices in...
The Fiscal Responsibility Commission (FRC), on Monday April 22, 2024 hosted esteemed guests from ANAN University Business School, including Dr. Stephine N. Sende and Muhammad Hadi Musa, alongside postgraduate students, at the Commission’s conference room. The visit aimed to deepen the student’s understanding of the FRC’s pivotal role in the nation’s governance. Victor Muruako, Esq....
The Fiscal Responsibility Commission (FRC) embarked on its Sensitisation and enlightenment of the members of the National Youth Service Corps (NYSC) on issues around fiscal governance. The exercise took place simultaneously at five NYSC Orientation Camps in Abuja, Nasarawa, Benue, Kogi and Minna while the same exercise will take place in Kaduna State Orientation Camp...
The provision of technical support by the Fiscal Responsibility Commission (FRC) to the revenue hearings conducted by the National Assembly Committees on Finance led to an increase of independent revenues amounting to N1.84 trillion to the federal government in 2023. This was disclosed by the Executive Chairman of the Commission, Victor Muruako Esq, at a...
2024 Budget: FG Kicks Off Verification Of ₦2.9trn Capital Projects FRC begins projects inspection across 6 geo-political zones The Fiscal Responsibility Commission (FRC) will on Monday begin physical verification of selected Federal Government capital projects worth N2.9 trillion earmarked in the 2024 fiscal budget across the six geo-political zones of the country. The projects earmarked...
The newly appointed Chairman of Katsina State Fiscal Responsibility Commission, Alhaji Abdullahi Al-Hassan Imam led his Management team to a one-day courtesy visit to the Executive Chairman of the Fiscal Responsibility Commission, Victor Muruako Esq in his Asokoro, Abuja office. He informed the FRC Boss that the Katsina State Government has constituted a Fiscal Responsibility...
IMF opens capacity development support for FRC THE Fiscal Responsibility Commission (FRC),on Wednesday inaugurated a two-week capacity development training support organised by the International Monetary Fund (IMF) in Abuja. The Chairman of FRC, Victor Muruako, said that the training would enable the commission to do more to support the management of the economy under President...
SENATE PLANS TO AMMEND FRA, 2007 Senate has passed a resolution based on the Medium Term Expenditure Framework (MTEF) report to amend the Fiscal Responsibility Act, 2007. The Chairman, of the Senate Committee on Finance, Senator Muhammed Sani Musa stated this during the ongoing 2023 budget defense and 2024 budget presentation at the National Assembly....
https://blueprint.ng/frc-chairman-proposes-formula-for-subnational-debt-sustainability/ The executive chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., has proposed a formula for achieving sustainable debt levels and profiles for sub-national governments. Speaking at a one-day dialogue on Fiscal Responsibility and Debt Sustainability organised by the OrderPaper Advocacy Initiative (OAI) in partnership with the FRC, Abuja, and the Kwara State...
