{"id":4030,"date":"2025-06-10T14:27:37","date_gmt":"2025-06-10T14:27:37","guid":{"rendered":"https:\/\/fiscalresponsibility.ng\/?p=4030"},"modified":"2025-06-10T14:27:37","modified_gmt":"2025-06-10T14:27:37","slug":"frc-boss-calls-for-hon-tochi-okeres-support-in-ongoing-amendment-of-fra-2007","status":"publish","type":"post","link":"https:\/\/fiscalresponsibility.ng\/?p=4030","title":{"rendered":"FRC BOSS CALLS FOR HON. TOCHI OKERE\u2019S SUPPORT IN ONGOING AMENDMENT OF FRA, 2007"},"content":{"rendered":"

 <\/p>\n

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako Esq., has called on Honourable Tochi Okere, member representing Owerri at the Federal House of Representatives, to support the ongoing amendment of the Fiscal Responsibility Act (FRA), 2007, currently before the National Assembly.<\/p>\n

Hon. Okere, who paid a courtesy visit to the FRC Chairman at the Commission\u2019s headquarters in Asokoro, Abuja, praised the Commission\u2019s achievements under Muruako\u2019s leadership. He described Muruako as an outstanding leader and administrator, citing his previous roles as Chairman of Owerri West Local Government and National Legal Adviser of the Association of Local Government Employees of Nigeria.<\/p>\n

\u201cI\u2019m not surprised by the Commission\u2019s positive performance under your watch,\u201d Hon. Okere remarked. \u201cYou have always been a goal-getter and achiever, and I\u2019m confident that you\u2019ll continue to deliver effectively in your current role.\u201d<\/p>\n

In his welcome address, Barrister Muruako expressed gratitude for Hon. Okere\u2019s visit and outlined the Commission\u2019s statutory mandates under the Fiscal Responsibility Act, 2007. These mandates include:<\/p>\n

Preparation of Medium-Term Expenditure Framework (MTEF): To guide budget planning and implementation annually.<\/p>\n

Setting Fiscal Objectives: Establishing clear revenue and expenditure targets to ensure macroeconomic stability.<\/p>\n

Prudent Management of Public Funds: Promoting efficient and accountable government spending.<\/p>\n

Ensuring Long-Term Macroeconomic Stability: Enforcing fiscal discipline to sustain economic growth.<\/p>\n

Public Debt Management: Regulating borrowing to ensure debt sustainability.<\/p>\n

Revenue Generation and Remittance: Requiring government agencies to remit operating surpluses to the Consolidated Revenue Fund.<\/p>\n

Transparency and Accountability: Mandating timely publication of budget and fiscal documents.<\/p>\n

Monitoring and Evaluation: Overseeing implementation of the MTEF and annual budgets.<\/p>\n

Sanctions for Non-Compliance: Enforcing penalties for violations of the Act\u2019s provisions.<\/p>\n

Verification of Government Projects: Inspecting selected projects across the six geopolitical zones to ensure their existence and value for money.<\/p>\n

Barrister Muruako reiterated the Commission\u2019s commitment to accountability, transparency, and prudent management of public funds, noting that project verification is a crucial component of its mandate.<\/p>\n

He urged Hon. Okere to lend his support to the proposed amendment of the Fiscal Responsibility Act, emphasizing that the amendment would strengthen the Commission\u2019s capacity to promote sound fiscal governance and accountability across all levels of government.<\/p>\n

 <\/p>\n

Bede Ogueri Anyanwu
\nDeputy Director\/Head, Strategic Communications Directorate
\nFiscal Responsibility\u00a0Commission<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

  The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako Esq., has called on Honourable Tochi Okere, member representing Owerri at the Federal House of Representatives, to support the ongoing amendment of the Fiscal Responsibility Act (FRA), 2007, currently before the National Assembly. Hon. Okere, who paid a courtesy visit to the FRC…<\/p>\n","protected":false},"author":4,"featured_media":4028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/posts\/4030"}],"collection":[{"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4030"}],"version-history":[{"count":1,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/posts\/4030\/revisions"}],"predecessor-version":[{"id":4031,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/posts\/4030\/revisions\/4031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=\/wp\/v2\/media\/4028"}],"wp:attachment":[{"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fiscalresponsibility.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}