He emphasized the FRC’s core mandate, ensuring prudent, transparent, and timely revenue-raising policies, resource allocation decisions, and debt management strategies
Barrister Victor Muruako, the Chairman of the Fiscal Responsibility Commission, has expressed appreciation for President Bola Tinubu’s commitment to strengthening the Fiscal Responsibility Act, 2007.
The statement from Bede Ogueri Anyanwu, Head of the Strategic Communications Directorate, underscores the joint efforts to bolster Nigeria’s fiscal framework under President Tinubu’s guidance.
Speaking during an Interactive Session of the Senate Committee on Finance at the National Assembly, Muruako said, “The Fiscal Responsibility Commission is a product of the Fiscal Responsibility Act, 2007, aiming to establish a transparent and accountable financial framework for Nigeria.”
He emphasized the FRC’s core mandate, ensuring prudent, transparent, and timely revenue-raising policies, resource allocation decisions, and debt management strategies.
The interactive session saw the participation of key figures, including, Chairman of the Senate Committee on Finance, Senator Muhammed Sani Musa; the Minister of Finance, Adebayo Olawale Edun; the Chairman of the Federal Inland Revenue Service, Zacch Adedeji; the Executive Director of the Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq.
Muruako applauded President Tinubu’s initiative in forming a Presidential committee to amend the FRA, 2007, addressing the Act’s shortcomings, including the absence of punitive measures for its violations.
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