Over N2tn remitted through our work, says FRC

0
270

Victor Muruako

FRC Chairman, Victor Muruako

The Fiscal Responsibility Commission says it has caused over N2tn to be remitted into Consolidated Revenue Account federation account since inception in 2007.

The chairman of the commission, Victor Muruako

stated this when he appeared before the Senate Committee on Finance for the public hearing of the bill meant to repeal and re-enact the Fiscal Responsibility Act.

The legislation, sponsored by Adamawa senator, Aisha Dahiru, seeks to curb financial fraud and wastages within Ministries, Departments and Agencies to ensure more effective and efficient delivery of public services.

The bill would also provide a better legal framework to back the operations of the commission, which she said had been limited.

Muruako stressed the need for the commission to be strengthened in all ramifications and its responsibilities, powers and functions properly streamlined.

He also said the move to repeal the Act would ultimately improve the commission’s funding and capacity to increase the generation of independent revenue into the CRF of the Federal Government.

  Copyright PUNCH.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

Get every Post-UTM, Admission, List, JAMB, WAEC, NECO, and Schools Resumption Date, Breaking News on your WhatsApp Status Now - To join, click the links below.
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
Previous articleInsecurity, high fuel cost, forex challenges driving inflation – LCCI
Next articleLagos NIPR appoints new executives

LEAVE A REPLY

Please enter your comment!
Please enter your name here