FRC Chairman Reaffirms Commitment to Fiscal Discipline, Transparency at Fourth Quarter Risk Roundtable

Maryam Aminu

In a renewed pledge to strengthen Nigeria’s financial governance framework, the Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq., has reaffirmed the Commission’s steadfast commitment to promoting fiscal discipline, transparency, and prudent financial management in line with the Fiscal Responsibility Act (FRA) 2007.

Muruako made this known during the Fourth Quarter Risk Roundtable (QRRT) held at Rockview Hotel, Abuja, an event organized by the Chartered Risk Management Institute of Nigeria (CRMI) in collaboration with TAJBank.

The high-level forum brought together top regulators, industry operators, and risk management professionals to exchange insights on the emerging risks, challenges, and opportunities shaping Nigeria’s business and financial landscape.

According to Augustar Ehiaghalua, the QRRT has, since inception, hosted more than 5,000 participants, evolving into a critical platform for capacity building, professional growth, and institutional resilience in the risk management sector. This quarter’s edition focused on strengthening institutional capacity, deepening professional competence, and enhancing leadership in risk governance amid today’s rapidly evolving business environment.

Delivering the keynote address, Dr. Jameelah Shirriff-Ayedun spoke on “Ethical Imperatives for Finance in a Digital-First World,” emphasizing integrity, accountability, and ethical decision-making as core drivers of financial sustainability. Also, Mrs. Amal Haruna delivered a compelling presentation on “Risk Governance and Strategic Growth in a Digital-First World,” underscoring the importance of structured risk frameworks for long-term organizational success.

The event also featured active participation from key institutions including the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), First Bank of Nigeria, TAJBank, and other prominent organizations within Nigeria’s financial ecosystem.

For the Fiscal Responsibility Commission, participation in the QRRT aligns with its statutory mandate under the FRA 2007 to ensure prudent management of national resources, macroeconomic stability, and transparency across all tiers of government.

The engagement, according to the Commission, further underscores its commitment to collaborating with stakeholders in advancing risk-informed fiscal governance and promoting a culture of accountability in Nigeria’s public finance system.