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...
The Management of Fiscal Responsibility Commission (FRC) held its continuous Knowledge Sharing Programme on Fiscal issues. This is an important aspect of the reforms introduced by the Executive Chairman, Victor Muruako for senior officers of the Commission to keep up with the knowledge demands of the mandate of the Commission. This edition was led by...
The Fiscal Responsibility Commission (FRC) has bemoaned the attitude of government health institutions in the country in the area of revenue remittances to government coffers. This is contained in a speech delivered by the Chairman, Victor Muruako Esq, at a Stakeholders Engagement to Analyse Nigeria’s Health Sector’s 2022 Budget, its Implementation and Monitoring held on...
IMF CHIEF VISITS FRC On Tuesday 19th July 19, 2022, the Commission received delegation of the International Monetary Fund (IMF) mission led by the Director, second African Regional Technical Assistance Centre in West Africa (AFRITAC West 2), Eva Jenkner, who was on official visit to Nigeria. A roundtable discussion was held between the visiting IMF...
The Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has charged stakeholders in Nigeria’s governance to double efforts in checkmating the menace of corruption in the country to pave the way to attaining economic development and prosperity. In a goodwill message at the commemoration of the African Union Anti-corruption Day 2022 which was held...
Chairman of the Fiscal Responsibility Commission (FRC), Mr. Victor Muruako, has said that applying the provisions of the Fiscal Responsibility Act (FRA), 2007, in Nigeria’s extractive industry will bring about accountability, transparency and efficiency in the sector. Mr. Muruako said given the vital place of the petroleum industry which remains a major foreign exchange earner...
The Fiscal Responsibility Commission (FRC) would henceforth redouble its efforts of regulating Nigeria’s fiscal policy space to enthrone a regime of fiscal discipline in the country. Chairman of the Commission, Victor Muruako Esq. made this statement as opening remarks during a two weeks capacity building training organized and conducted by the International Monetary Fund (IMF)...
The process for the amendment of the Fiscal Responsibility Act is currently before the National Assembly. It is however imperative that the National Assembly concludes the process and hand over to the President for assent before the advent of a new administration come 2023. The importance of the Fiscal Responsibility Act cannot be overemphasized. The...
The Fiscal Responsibility Commission is poised to partner with Growth Initiatives for Fiscal Transparency, GIFT to promote transparency, accountability and prudence in governance which would in turn improve service delivery in the provision of public goods for Nigerians. In his address, the team lead of GIFT, Mr Oke Epia noted that his team is ready...
