The Fiscal Responsibility Commission (FRC), in collaboration with the House of Representatives Committee on Petroleum Resources (Upstream), has unveiled a comprehensive Policy Paper on Good Governance of the Petroleum Sector, Fiscal Imperatives, and the 10th National Assembly. The presentation took place during a high-level Legislative Stakeholders’ Workshop aimed at strengthening transparency and accountability in Nigeria’s...
The Fiscal Responsibility Commission (FRC) has called for heightened fiscal discipline and strengthened public finance management practices among Local Government Councils in Anambra State. The Commission emphasized the need for transparency, accountability, and adherence to statutory financial procedures at all stages of governance. The charge was delivered during a capacity-building workshop on the Local Government...
The Fiscal Responsibility Commission (FRC) has hosted a high-level bilateral meeting involving the Debt Management Office (DMO) and a delegation from the International Monetary Fund (IMF) to review Nigeria’s progress in fiscal risk management and deepen institutional cooperation. The IMF team, led by Sybi Hida, Senior Economist in the IMF Fiscal Affairs Department, was received...
The Fiscal Responsibility Commission (FRC) has taken a major step toward deepening fiscal discipline, transparency, and accountability in Nigeria’s public finance system with the formal opening of its External Validation Workshop for the Draft Strategic Plan (2025–2028) held on Thursday, November 13, 2025, in Abuja. The event, which brought together a wide array of stakeholders...
The Fiscal Responsibility Commission (FRC) has called on members of the Nigerian Bar Association (NBA), Gwagwalada Branch (Eagle Bar) to take an active interest in the Fiscal Responsibility Act (FRA) 2007 and use their legal expertise to promote fiscal prudence, transparency, and accountability in the management of public resources across all levels of government. The...
The African Independent Television (AIT) has reaffirmed its commitment to advancing transparency and accountability in Nigeria’s public finance sector through a strategic partnership with the Fiscal Responsibility Commission (FRC). Speaking during a courtesy visit to the FRC headquarters in Abuja, the Group Managing Director of AIT, Chief Marcel Anyalebechi, expressed the organization’s readiness to collaborate...
The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., has reiterated the Commission’s unwavering commitment to promoting fiscal discipline, transparency, and prudent financial management in Nigeria, in line with the Fiscal Responsibility Act (FRA) 2007, during his participation at the Fourth Quarter Risk Roundtable (QRRT) Held at Rock view Hotel Abuja organized...
The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq, has called on the Nigeria Social Insurance Trust Fund (NSITF) to ensure the timely remittance of its operating surplus to the Consolidated Revenue Fund (CRF) in accordance with the Fiscal Responsibility Act (FRA) 2007. Muruako made the call during a presentation by the...
In a demonstration of the Fiscal Responsibility Commission’s (FRC) commitment to strengthening inter-agency cooperation and promoting prudent public finance management, the Executive Chairman of the Commission, Barrister Victor Muruako, on Thursday paid a courtesy visit to the Comptroller-General of the Nigerian Correctional Service (NCS), Comptroller Sylvester Ndidi Nwakuche, at the Service Headquarters in Abuja. The...
The Fiscal Responsibility Commission (FRC) has reaffirmed its commitment to entrenching fiscal discipline and promoting prudent financial management at the grassroots by offering technical support to local governments across Nigeria. This assurance was given by the Deputy Director, Policy and Standards Directorate, Mr. Ado Hassan, who represented the Executive Chairman of the Commission, Victor Muruako,...
