https://newsdiaryonline.com/frc-calls-on-national-eye-centre-kaduna-to-improve-remittances-into-consolidated-revenue-fund/
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...
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...
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...
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...
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...
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...
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...
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...