The Fiscal Responsibility Commission (FRC) has expressed profound sorrow over the passing of Nigeria’s former President, His Excellency Muhammadu Buhari, GCFR, describing him as a transformative leader whose fiscal reforms left an indelible mark on the nation’s economic landscape. In a statement released on Monday, the Executive Chairman of the FRC, Victor Muruako, Esq., extended...
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...
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...
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...
As part of efforts to foster collaboration and improve working conditions for Staff of the Fiscal Responsibility Commission (FRC), the Executive Chairman of the Commission, Victor Muruako, Esq., has paid a courtesy visit to the Director-General of the Budget Office of the Federation, Dr. Tanimu Yakubu. The visit, which took place recently in Abuja, underscores...
The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako Esq., has called on Honourable Tochi Okere, member representing Owerri at the Federal House of Representatives, to support the ongoing amendment of the Fiscal Responsibility Act (FRA), 2007, currently before the National Assembly. Hon. Okere, who paid a courtesy visit to the FRC...
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...
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...
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,...
