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...
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,...
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...
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...
The Senate Committee on Finance has expressed dissatisfaction over the perennial poor funding of the Fiscal Responsibility Commission (FRC) during the Commission’s 2025 fiscal year budget defense. The Chairman of the committee, Senator Shehu Musa, described the situation as regrettable, highlighting the irony of the underfunding of a Commission that is charged with ensuring and...
The Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has said that applying fiscal responsibility practices is the best option to implement 2025 budget. “Fiscal responsibility practices are the software that makes the hardware of budget figures and percentages work,” Muruako said on Thursday 16 Jan, 2025 as he x-rayed a presentation the President...
Fiscal Responsibility Commission endorses tax reform bills as equitable, transformative The Fiscal Responsibility Commission (FRC) has thrown its support behind the Tax Reform Bills currently under consideration by the National Assembly. The commission believes that the tax reform bills have the potential to enhance fiscal governance and boost economic growth. Victor Muruako, chairman of the commission, shared...
The Fiscal Responsibility Commission organised a two-day sensitisation retreat to drive fiscal discipline and good governance in North-Central Nigeria. The retreat, themed ‘The Impact of Transparency and Accountability on Sub-National Development in North Central Nigeria,’ was held from Thursday 7th to Friday 8th Nov 2024, in Abuja. A statement signed by the Head of Strategic...
The Fiscal Responsibility Commission (FRC) recently hosted a delegation from the Ministry of Finance and Economic Affairs of the Republic of Gambia. This critical one-day study tour was facilitated by the Debt Management Office of Nigeria led by S. K. Abubakar, Head of the Organizational Research Department. The visit aimed at fostering inter-regional cooperation and...
In a bid to enhance transparency and accountability in governance, the Fiscal Responsibility Commission (FRC), has called on Civil Society Groups and organizations to utilize data from the Fiscal Sustainable Plan (FSP), and States Fiscal Transparency and Sustainability Program (SFTAS) to advocate for prudence and accountability. Speaking at a three-day South-East zonal retreat in Owerri,...
