Lagos, Nigeria – 08 Oct. 2023 Lending to States: SGF Charges Banks to Follow the Fiscal Responsibility Act – As FRC urges banks to comply with Section 45 of Fiscal Responsibility Act in their lending practices The Secretary to the Government of the Federation (SGF) Senator George Akume has charged banks to follow...
The Federal Government has called on the Fiscal Responsibility Commission (FRC), to ensure prompt remittance of revenues to the Consolidated Revenue Fund (CRF) by all Ministries, Departments and Agencies (MDAs). Mr Zacchaeus Adedeji, Special Adviser on Revenue to President Bola Tinubu, made the call during a visit to the Chairman, FRC, Mr Victor Muruako, on...
The Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has charged stakeholders in Nigeria’s governance to double efforts in checkmating the menace of corruption in the country to pave the way to attaining economic development and prosperity. In a goodwill message at the commemoration of the African Union Anti-corruption Day 2022 which was held...
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...
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