The Fiscal Responsibility Commission, FRC, has organised a 5-day capacity-building training for the commissions of Sokoto and Kaduna states.
FRC, created by the Fiscal Responsibility Act of 2007, advocates a transparent and accountable framework for government financial management.
Chief Victor Muruako, the Commission’s Chairman, stated that collaboration with states and local governments would boost the fiscal responsibility ecosystem.
He praised the governments of Sokoto and Kaduna for enacting the FRC Act, which he said would ensure that revenue-raising plans, resource allocation, and debt management decisions are made in a smart, transparent, and timely manner.
He advised other state governors to form Fiscal Responsibility Commissions in order to promote national economic growth and development.
Concerning the FRC’s mandate, the Chairman stated that it was the Commission’s responsibility to monitor government borrowing and indebtedness at all levels in order to ensure the sustainability of federal and sub-national government loans.
Alhaji Aliyu Muhammed, chairman of the Sokoto State Fiscal Responsibility Agency, and Alhaji Murtala Dabo, chairman of the Kaduna Commission, said they were in Abuja to learn from the FRC about best practices in the allocation and management of public expenditure, revenue collection, debt control, and transparency in fiscal matters.