FRC Chairman Seeks Lawmaker’s Support for Amendment of Fiscal Responsibility Act

Maryam Aminu

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako Esq., has called on Honourable Osita Okere, member representing Owerri Federal Constituency in the House of Representatives, to support the ongoing amendment of the Fiscal Responsibility Act (FRA), 2007 currently under review at the National Assembly.

Hon. Okere made a courtesy visit to the Commission’s headquarters in Asokoro, Abuja, where he commended the achievements of the FRC under Muruako’s leadership. Describing the Chairman as an “outstanding leader and administrator,” he cited Muruako’s previous public service roles, including Chairman of Owerri West Local Government and National Legal Adviser of the Association of Local Government Employees of Nigeria.

“I’m not surprised by the Commission’s positive performance under your watch,” Hon. Okere said. “You’ve always been a goal-getter and achiever. I have no doubt that you’ll continue to deliver impressively in your current role.”

In his remarks, Muruako expressed appreciation for the visit and highlighted the Commission’s statutory responsibilities as outlined in the FRA, 2007. These include the preparation of the Medium-Term Expenditure Framework (MTEF), setting of fiscal objectives, public debt management, ensuring macroeconomic stability, and overseeing the prudent management of public funds.

He further outlined the Commission’s mandate to promote transparency and accountability through the monitoring and evaluation of government budgets and projects, the verification of capital projects nationwide, and the enforcement of sanctions for non-compliance with fiscal regulations.

“The Fiscal Responsibility Act is due for an update to strengthen our institutional framework and enhance fiscal governance across all levels of government,” Muruako stated. “We believe your support in the legislative process will be crucial in driving this much-needed reform.”

Both leaders emphasized the need for stronger legislative backing to improve Nigeria’s fiscal management system.