NEWSNews and Media

Published articles on the activities of the Fiscal Responsibilities Commission
FRC INAUGURATES TECHNICAL TEAMS ON FISCAL POLICY FORECAST STRATEGIES

FRC INAUGURATES TECHNICAL TEAMS ON FISCAL POLICY FORECAST STRATEGIES.   The Chairman of the Fiscal Responsibility Commission, Victor Muruako Esq, has inaugurated five macro-economic coordinating teams implement fiscal policy strategies of the commission. Last year, the IMF’s AFRITAC West Africa and Fiscal Affairs Department conducted two capacity-building workshops for the technical staff of the Fiscal...

FRC To Assist State Maintain Credibility In Fund Mgt

The Chairman of the Fiscal Responsibility Commission, Victor Muruako Esq, has restated the commitment of the commission to assisting state governments in consolidating their ability… By Yvonne Ugwuezuoha Thu, 17 Nov 2022 1:01:33 WAT The Chairman of the Fiscal Responsibility Commission, Victor Muruako Esq, has restated the commitment of the commission to assisting state governments...

Budgeting: Nigerians Tasked On Use Of Online Information

Nigerian citizens have been called upon to utilise information online regarding governments’ budget plans, execution and audit reports to boost transparency. The call was made… By. Thu, 10 Nov 2022 1:26:54 WAT   Nigerian citizens have been called upon to utilise information online regarding governments’ budget plans, execution and audit reports to boost transparency. The...

FRC Moves to Strengthen Fiscal Management in North-east States

The Fiscal Responsibility Commission (FRC), an agency of the federal government said it has made concerted effort towards strengthening fiscal management in the north-eastern states through effective fiscal responsibility laws. The Chairman of the Commission, Chief Victor Muruako, made the disclosure at a three -day awareness and sensitisation workshop on transparency and accountability held in...

FRC laments MDAs’ refusal to submit monthly financial transaction reports

Mr Victor Chinemere, the Chairman of Fiscal Responsibility Commission (FRC), says the reluctance of MDAs to publish their monthly financial transactions is stalling the commission’s drive to improve fiscal transparency and accountability. Chinemere made this known in a paper he presented during the Lunch Time Reform Seminar organised by the Bureau of Public Service Reforms...

Improving Subnational Fiscal Hygiene

In Nigeria’s current fiscal architecture, the revenue sharing arrangement gives the federal government 52.68 per cent share of the  federation revenue, while states and local governments get a total of 47.32 per cent –  expressed as 26.72 per cent and 20.60 per cent respectively. In addition, the subnational (states and local governments) have powers to...

2023 Budget: All Fully Funded MDAs Must Remit 100% Revenue Forthwith, Reps Task FRC

The House of Representatives, on Tuesday, directed Fiscal Responsibility Commission (FRC) to issue new circular on the remittance of 100 percent revenue generated by fully funded federal agencies, departments and commissions into the Consolidated Revenue Fund (CRF) forthwith. Chairman, House Committee on Finance, Hon Abiodun James Faleke, issued the directive during the 2021-2022 budget defence...

SUBNATIONAL FISCAL RISKS, SFTAS AND THE FISCAL RESPONSIBILITY COMMISSION

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...

Debt limit and Fiscal Responsibility Act

The call for the speedy passage of the proposed amendment to the Fiscal Responsibility Act, 2007 (FRA, 2007) has become very necessary in view of the current dicey state of the country’s economic governance. Public debts are mounting, revenues are perpetually below expectation, oil theft is raging and fiscal indiscipline is unabating. This has elicited...

Fiscal Commission Urges Speedy Amendment Of Act

The Chairman of the Fiscal Responsibility Commission, Victor Muruako, has called on the National Assembly to complete the amendment to the Fiscal Responsibility Act (FRA) to strengthen the functions of the agency. Maruako in a statement through the spokesman, Bede Anyanwu, yesterday noted that the use of legislation to moderate the behavior of fiscal agents...

https://fiscalresponsibility.ng/wp-content/uploads/2021/03/logo_main.fw_.png
Connect with us
+234 8149095640

©2020 Fiscal Responsibility Commission. All rights reserved