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Published articles on the activities of the Fiscal Responsibilities Commission
FRC, PAC collaboration lifts Federal Independent Revenue to over N2tr

A decade-long partnership between the Fiscal Responsibility Commission (FRC) and the Public Accounts Committees (PAC) of the National Assembly has significantly improved remittances from government-owned enterprises, boosting the federal government’s independent revenue from N200 billion in 2013 to more than N2 trillion in 2024. The Executive Chairman of the FRC, Victor Muruako, Esq., disclosed this at the...

STRENGTHENING FINANCIAL TRANSPARENCY: FRC CHAIRMAN HIGHLIGHTS RELEVANCE OF NIGERIA’S FISCAL RESPONSIBILITY Act AT KIGALI STAKEHOLDER ENGAGEMENT

In a landmark stakeholder engagement focused on strengthening accounting regulations in Sub-Saharan Africa, the Executive Chairman of Nigeria’s Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., underscored the vital role of the Fiscal Responsibility Act (FRA) 2007 in advancing financial transparency and accountability across the region. Addressing an audience of policymakers, regulators, and accounting professionals in...

FRC CHAIRMAN CALLS FOR GREATER TRANSPARENCY AND ACCOUNTABILITY ACROSS ALL LEVELS OF GOVERNMENT

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has emphasized the need for strict adherence to the Fiscal Responsibility Act 2007 across all tiers of government, as part of efforts to promote transparency, accountability, and sound fiscal management in Nigeria. Muruako made this call during the public presentation of the Transparency and...

FRC Partners with BudgiT to Strengthen Transparency in Capital Budget Execution

In a move aimed at reinforcing fiscal accountability and promoting transparency in Nigeria’s public finance management, the Fiscal Responsibility Commission (FRC) has announced its readiness to collaborate with BudgiT, a leading civic technology organization focused on transparency in governance. The development was confirmed during a strategic meeting held at the FRC headquarters in Abuja, where...

FRC Commends Public Sector Governance Code, Raise Concerns

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has commended the newly developed Nigerian Public Sector Governance Code (NPSGC). Speaking at a stakeholder engagement organized by the Financial Reporting Council (FRCN), Muruako while praising the thoroughness of the document, however called for greater alignment with the Fiscal Responsibility Act (FRA) 2007. He...

Fiscal Responsibility Commission Backs Tax Reform Bill, Calls for Enhanced Fiscal Sustainability

The Fiscal Responsibility Commission (FRC) has expressed its full support for the proposed Tax Reform Bill currently undergoing a public hearing at the House of Representatives. Speaking at the session, the Executive Chairman of FRC, Victor Muruako, Esq., emphasized that the objectives of the bill align closely with the provisions of the Fiscal Responsibility Act,...

FRC Boss Advocates Fiscal Sustainability Across 774 LGs

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has called for fiscal sustainability from the Federal Government down to the Local Government Level. He made this call on Tuesday in Abuja at the ongoing 5th Edition of the National Treasury Workshop, according to a statement issued by the Head of the Commission’s Strategic...

FRC Launches 2025 Knowledge-Sharing Series on Budgetary Reforms

The Fiscal Responsibility Commission (FRC), has commenced its 2025 Knowledge-Sharing Series, focusing on “A Budgetary Reform Initiative for Achieving Good Governance in Nigeria: Eliminating Fiscal Irresponsibility.” Delivering his keynote address, Dr. Emeka Ejikonye, a Specialist in Public Budgeting and Principal Consultant/CEO of ReGo Consulting, urged Public Servants to avoid “tunnel vision governance” and instead engage...

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