In a related development, the Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., led a delegation of his Staff to the 2025 International Anti-Corruption Day event organized by the Inter-Agency Task Team (IATT) comprising Nigeria’s Anti-Corruption Agencies. The event, themed “Uniting with Youth Against Corruption: Shaping Tomorrow’s Integrity,” was held at the...
https://nannews.ng/2023/10/04/fiscal-commission-to-engage-stakeholders-on-implementation-of-fra/ The Fiscal Responsibility Commission (FRC) said it will hold a Stakeholders dialogue, on the implementation of sections of the Fiscal Responsibility Act that relates to lending by banks to governments and public institutions. Mr Bede Anyanwu, FRC’s Head of Strategic Communications who stated this is in a statement on Wednesday in Abuja, said the...
In Managing the Nigerian economy, the federal government is continually confronted with “Fiscal risks,” a technical term for uncertainties that may cause fiscal outcomes (expected public sector revenue, expenditure, borrowing, debt repayment, etc) to deviate from earlier forecasts or expectations. For a subnational entity (States and Local Governments, in the context of Nigeria), a fiscal...
An International Monetary Fund (IMF) capacity development mission has visited Nigeria in a strategic move to support the Fiscal Responsibility Commission (FRC) in establishing a Fiscal Monitoring Framework (FMF) for the country. The FRC is the agency saddled with the mandate of promoting a transparent and accountable government financial management framework for Nigeria.The IMF intervention...
