Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    IGP Disu Seeks 200% Increase in Gratuity for Retired Police Officers

    October 27, 2026

    2027 poll: Dissecting Lukman’s G-100 delusion of grandeur

    October 27, 2026

    20th Coronation: Okpe Leaders Praise Orodje

    October 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • IGP Disu Seeks 200% Increase in Gratuity for Retired Police Officers
    • 2027 poll: Dissecting Lukman’s G-100 delusion of grandeur
    • 20th Coronation: Okpe Leaders Praise Orodje
    • Ebireri Mourns Orette’s Death
    • Imo Community Protests, Tasks Uzodimma On Horrible Road
    • Lagos-Calabar Coastal Highway: Diri Explains Disagreement With Umahi
    • UN-WCD African Youth Envoy Makes APC Presidential Campaign Council
    • Ogbuku’s Wife, Amaba, Urges Discipline, Supports South South Youth Peace Initiative
    Facebook X (Twitter) Instagram YouTube
    PH Mundial Port Harcourt | Port Harcourt Online Newspaper & News across the Niger Delta
    ads
    • Home
    • News

      IGP Disu Seeks 200% Increase in Gratuity for Retired Police Officers

      October 27, 2026

      Ebireri Mourns Orette’s Death

      October 27, 2026

      UN-WCD African Youth Envoy Makes APC Presidential Campaign Council

      October 27, 2026

      Ogbuku’s Wife, Amaba, Urges Discipline, Supports South South Youth Peace Initiative

      October 25, 2026

      2027 Polls: Disu Orders Neutrality, Professionalism as NPF Trains 10,000 Officers

      October 23, 2026
    • Business
      Featured

      ‎CEO of Red Sapphire Celebrates Ambassador Ogan on Birthday‎

      By adminOctober 15, 20260
      Recent

      ‎CEO of Red Sapphire Celebrates Ambassador Ogan on Birthday‎

      October 15, 2026

      Gas Pipeline Communities Give NNPCL, PINL 14-Day Ultimatum over Unpaid Surveillance Allowances

      October 15, 2026

      Host Communities Key to Nigeria’s 2027, 2030 Oil Production Targets — PINL

      October 10, 2026
    • Politics

      NDC Reps Candidate, Fubara, Visits Ex-Rivers Commissioner, Seeks Support

      October 8, 2026

      Rivers ADC Chieftain, Dr Ile Confident Party Will Win 2027 Presidency With Atiku/Amaechi Ticket

      September 23, 2026

      EXPOSED: Wike’s 2031 Vice-Presidential Ambition Behind Rainbow Coalition ~ Tinubu’s Aides

      September 19, 2026

      PDP Governorship Candidate Commits to Modernizing Courts, Strengthening Judiciary in Abia

      August 31, 2026

      Let A Woman Go: Gloria Boma Harry and the Courage to Represent Degema, Bonny

      August 28, 2026
    • Education

      Fubara Tasks Corps Members on Responsible Service, Community Development

      October 22, 2026

      Suspect Arrested As Cult Violence Escalates In IAUE, 100-Level Student Shot, Management Issues Conflicting Orders

      August 13, 2026

      ASUU Shutdown Bayelsa Varsities Over Unpaid 19-Months Arrears, Non-Implementation of 2025 CBA Agreement, Others

      August 12, 2026

      ASUP Begins Indefinite Strike at Bayelsa Poly Over Retired Rector’s Reappointment

      August 10, 2026

      Fubara Rewards 10 Rivers NYSC Presidential Awardees with N20m

      July 10, 2026
    • Sports
    • Community News
      • Niger Delta
    • Opinion & Columns

      2027 poll: Amaechi’s ‘mad men’ outburst against Tinubu voters

      October 22, 2026

      2027 poll: Atiku and Nigerians on Return to Petrol Subsidy

      October 15, 2026

      2027 poll: Obi’s ‘Independent Transmission of Results’ Plot To Rig

      October 6, 2026

      The Men Who Answer the Distress Call

      October 4, 2026

      IGP Disu: Recent Figures Point to Rising Policing

      October 4, 2026
    • Contact us
    PH Mundial Port Harcourt | Port Harcourt Online Newspaper & News across the Niger Delta
    Home»Headlines»Fiscal Responsibility Act Empowers Nigerians to Hold Govt Accountable ~ Muruako
    Headlines

    Fiscal Responsibility Act Empowers Nigerians to Hold Govt Accountable ~ Muruako

    adminBy adminSeptember 7, 2024No Comments5 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    By Kelechi Nwaucha

    In the wake of economic headwinds buffeting the country, the Fiscal Responsibility Commission (FRC) has urged Nigerians to take advantage of the Fiscal Responsibility Act (FRA), particularly Section 51, which empowers them to hold governments at the three tiers accountable.

    This was the message Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako Esq, and his team, brought to civil society groups in the South South of the country on Monday, in a two-day Financial Accountability Retreat for Sub-Nationals and Civil Societies held in Port Harcourt, with the theme, ‘Strengthening Financial Accountability at Sub-National Levels.’

    Addressing members of civil society organisations and public finance management officials, from Rivers, Bayelsa, Edo, Cross River and Akwa Ibom states, Muruako said the event, facilitated by OrderPaper Advocacy Initiative, provides opportunity for the FRC to engage stakeholders on promoting fiscal responsibility, accountability and prudent management of resources at the sub-national level.

    He urged state governments across the country to support the efforts of the Federal Government to manage the economy in a prudent, transparent and responsible manner, especially by domesticating some of the federal reform policies and laws, such as the Fiscal Responsibility Act of 2017.

    The chairman insisted that the burden of macroeconomic management cannot be left solely to the Federal Government, adding that “Sub-national governments must play a proactive role in promoting transparency, accountability and credibility.

    “To emphasize the importance of sub-national governments adopting best practices in fiscal responsibility, we need only look at the Revenue Allocation Formula.

    “For every one hundred Naira (N100) that enters the federation account, the formula allocates only about half to the Federal Government, with the remaining half going to sub-national governments. This underscores the critical role of sub-national governments in ensuring the success of Nigeria’s macroeconomic management.

    “While we acknowledge the progress made by sub-national governments in recent years, there is still room for improvement. The publication of budgets, budget implementation reports, and audited financial statements is a significant step towards transparency. However, we can and must do more,” he said.

    Highlighting the vital role CSOs play in enhancing financial accountability, Muruako urged them “to engage in advocacy for transparency, accountability, and prudence in a professional manner.

    “Section 51 of the Fiscal Responsibility Act empowers every citizen with the legal capacity to enforce the provisions of the Act through the courts. We encourage citizens to utilize this power to hold governments accountable. However, it is important to exercise this power responsibly and based on evidence,” he said.

    Dr Christian Yorkina, director, Audit, Rivers State, said “the Fiscal Responsibility Commission has to work in conjunction with other agencies, like the Office of the Auditor General of the Federation and other auditor generals of the sub-regions, because fiscal responsibility monitoring should not be seen as a witch-hunting exercise.”

    He urged the FRC to build a synergy with the governments at the sub-national level towards achieving the objectives of transparency and accountability in government.

    “They should program their activities in such a way that the common goals of both the federal and the subnationals are achieved in government expenditure, in monitoring expenditure. The target should be efficiency of government resources. There should be value for whatever expenditures that have been made, and efficiency and effectiveness of delivery of government resources,” Dr Yorkina said.

    Publisher of National Point Newspaper, also coordinator of Centre for Media, Environment and Development Communication, Chief Constance Meju, said “More people need to be aware of this so that we can be able to interrogate what is happening. The country is in a state where everybody should be thinking of accountability and transparency. Nigeria is a signatory to the open governance system. Yet access to information is very, very guarded, which definitely shows that we are not transparent.

    “My worry is that while the commission has a good objective, just like the Organization of African Unity, it doesn’t have any teeth. They should have the power to sanction, which will encourage people to fall in line. Because this is a country of very stubborn leaders.

    “We also need the commission to do more. It’s not just enough to throw responsibility at the civil society. Civil society is trying, because if not civil society, nobody is raising questions at the duty bearers.

    “Also, they (FRC) need to do more. You cannot sit in Port Harcourt and talk to the community people. They need to have a step down in the local areas, because these are the people who are really deprived of development,” Chief Meju said

    Papers presented at the two-day event include, ‘Strengthening Oversight: The Role of Civil Society Organizations in Promoting Fiscal Responsibility at the Sub-National Level,’ by Justice Kemakolam A. Ojiako; ‘Unbundling the Fiscal Responsibility Act and the Role of the Fiscal Responsibility Commission,’ by Chris Uwadoka and ‘Deepening Budget Transparency: Moving Beyond Compliance to Meaningful Citizen Engagement,’ by Victoria Adiwu-Angakuru.

    Christian Yorkina Constance Meju OrderPaper Victor Muruako
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    admin
    • Website

    Related Posts

    IGP Disu Seeks 200% Increase in Gratuity for Retired Police Officers

    October 27, 2026

    Ebireri Mourns Orette’s Death

    October 27, 2026

    UN-WCD African Youth Envoy Makes APC Presidential Campaign Council

    October 27, 2026
    Leave A Reply Cancel Reply

    Demo
    Our Picks

    Noise-Cancelling Headphones For a Superb Music Experience

    January 15, 2020

    Harry Potter: 10 Things Dursleys That Make No Sense

    January 15, 2020

    Dubai-Based Yacht Company is Offering Socially-Distanced Luxury

    January 15, 2020

    The Courier – a New Song with Benedict Cumberbatch

    January 14, 2020
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    News

    IGP Disu Seeks 200% Increase in Gratuity for Retired Police Officers

    By adminOctober 27, 20260

    The Inspector-General of Police, Olatunji Disu, has proposed a 200 per cent increase in gratuity…

    2027 poll: Dissecting Lukman’s G-100 delusion of grandeur

    October 27, 2026

    20th Coronation: Okpe Leaders Praise Orodje

    October 27, 2026

    Ebireri Mourns Orette’s Death

    October 27, 2026

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us
    Our Picks

    2027 Polls: Disu Orders Neutrality, Professionalism as NPF Trains 10,000 Officers

    October 23, 2026

    Bayelsa To Host Governance Centre On Global River Deltas

    October 22, 2026

    DG Tasks Corps Members on Safety, Networking

    October 22, 2026
    New Comments
      Facebook X (Twitter) Instagram
      • Home
      • Community News
      • Education
      • Niger Delta
      • Politics
      © 2017 - 2026 PH Mundial. All Right Reserved.

      Type above and press Enter to search. Press Esc to cancel.