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...
The Chairman of the Fiscal Responsibility Commission, Victor Muruako, has called on the federating states to domesticate the Fiscal Responsibility Law. Speaking with the News Agency of Nigeria on Wednesday in Abuja, Muruako noted that it became imperative to adopt this policy in order to consolidate the sterling principles of accountability and transparency in fiscal operations, and...
Chairman of the Fiscal Responsibility Commission, Victor Muruako, has said that the Commission helped to raise the Federal Government’s independent revenue to N1.250 trillion in 2021 from N532.903 billion in 2020. The figure for 2021 is the highest independent revenue generated in over eight years by the Federal Government. The FRC chairman made the disclosure...
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...
The Chairman of the Fiscal Responsibility Commission, Chief Victor Muruako, has commended the two Governors of Sokoto and Kaduna State, Governor Aminu Waziri Tambual and Governor Nasir Ahmed El-Rufai, for setting up their states Fiscal Responsibility Commissions. Muruako gave the charge during the opening of a five-day capacity-building session for the chairmen and members of...
The Chairman of the Fiscal Responsibility Commission, Chief Victor Muruako, has commended the two Governors of Sokoto and Kaduna State, Governor Aminu Waziri Tambual and Governor Nasir Ahmed El-Rufai, for setting up their states Fiscal Responsibility Commissions. Muruako gave the charge during the opening of a five-day capacity-building session for the chairmen and members of...
The Fiscal by Responsibility Commission (FRC) has begun its sensitization drive to members of the National Youth Service Corps (NYSC) on issues around fiscal governance and fiscal responsibility in the management of the nation’s resources for the year 2022. The exercise took place simultaneously at six NYSC Orientation Camps, namely the NYSC Orientation Camp, Kubwa...
The Consolidated Revenue Fund (CRF) account, a dedicated account for the receipt of 80 per cent operating surplus of revenue generating ministries, departments and agencies of government netted N2.7 trillion in 2021 fiscal year. Credit of improved revenue remittance to CRF last year, first time in many years by revenue generating agencies of government, goes...
