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Published articles on the activities of the Fiscal Responsibilities Commission
FRC Held Knowledge Sharing on Fiscal Issues

The Management of Fiscal Responsibility Commission (FRC) held its continuous Knowledge Sharing Programme on Fiscal issues. This is an important aspect of the reforms introduced by the Executive Chairman, Victor Muruako for senior officers of the Commission to keep up with the knowledge demands of the mandate of the Commission. This edition was led by...

FRC Decries Non-Remittance of IGR by Health Institutions

*FRC Decries Non-Remittance of IGR by Health Institution* The Fiscal Responsibility Commission (FRC) has bemoaned the attitude of government health institutions in the country in the area of revenue remittances to government coffers. This is contained in a speech delivered by the Chairman, Victor Muruako Esq, at a Stakeholders Engagement to Analyse Nigeria’s Health Sector’s...

FRC Decries Non-Remittance of IGR by Health Institutions

The Fiscal Responsibility Commission (FRC) has bemoaned the attitude of government health institutions in the country in the area of revenue remittances to government coffers. This is contained in a speech delivered by the Chairman, Victor Muruako Esq, at a Stakeholders Engagement to Analyse Nigeria’s Health Sector’s 2022 Budget, its Implementation and Monitoring held on...

IMF Chief Visits the Fiscal Responsibility Commission

IMF CHIEF VISITS FRC On Tuesday 19th July 19, 2022, the Commission received delegation of the International Monetary Fund (IMF) mission led by the Director, second African Regional Technical Assistance Centre in West Africa (AFRITAC West 2), Eva Jenkner, who was on official visit to Nigeria. A roundtable discussion was held between the visiting IMF...

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)...

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...

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