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...
The Chairman, Fiscal Responsibility Commission, Victor Muruako, has said that any move to scrap or merge the Commission with another government agency will spell doom for Nigeria’s current effort at enthroning fiscal discipline in the way the nation’s resources are managed. The Chairman who made this statement when he received the Director-General of the Bureau...
The Chairman of Fiscal Responsibility Commission, Victor Muruako Esq. has implored the National Prohibition of Trafficking In Persons (NAPTIP) to comply with the provisions of Fiscal Responsibility Act, 2007 in the remittance of operating surplus into the Consolidated Revenue Fund (CRF) in order to boost the revenue of the Federal government which continues to be...
The Fiscal Responsibility Commission has appealed for technical and logistics support from the Economic and Financial Crimes Commission in order to effectively discharge its mandate in the area of transparency, accountability and prudence in public financial management. The FRC Chairman, Victor Muruako Esq. recently made this know when the EFCC Chairman Abdulrasheed Bawa (represented by...
Amid unprecedented borrowings by the Federal Government to fund the nation’s budget, the Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has revealed that some federal Ministries, Departments and Agencies (MDAs) were yet to remit over N1.5 trillion of their operating surpluses. The FRC chairman disclosed this yesterday in Abuja at a training for Accounting...
