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...
