Review of 2017 FRA needed to boost efficiency nationwide—Muruako
Acting Chairman, Fiscal Responsibility Commission (FRC), Victor Muruako, has noted that the review of the 2017 Fiscal Responsibility Act which created the commission is to undergo some levels of review as part of drive to deepen its operations across the…
Imo, Lagos, 5 others borrowed more than 50% of their annual statutory—FRC
Against the provisions of the guidelines of the Debt Management Office (DMO) on sub-national borrowing, 23 states lead by Imo and Lagos states, have borrowed more than 50 per cent of their annual statutory allocations by 2015. This was revealed…
‘Non-disclosure of opening, closing balances of FRC account dangerous’
Forensic analysts in financial accounting have expressed worry on the observed non-disclosure of the opening and closing balances of the Fiscal Responsibility Commission (FRC) account, saying the scenario had made full appraisal of the account impossible. In their views, the…
