• About us
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 28, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home Other news

FRC Chairman Victor Muruako Advocates for Fiscal Sustainability at All Levels of Government

Admin by Admin
February 18, 2025
in Other news
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has called for fiscal sustainability from the federal government down to the local government level.

A statement signed and made available to newsmen by the commission’s head, strategic communications, Bede Ogueri Anyanwu, disclosed that; Muruako while speaking at the ongoing 5th Edition of the National Treasury Workshop, organized by the Office of the Accountant General of the Federation, emphasized the importance of local governments in revenue generation.

He noted that if local governments function effectively, they can generate more revenue, recalling a time when essential services such as primary healthcare, education, and agriculture were efficiently managed at the grassroots level.

The FRC boss further advocated for more funds to be allocated to local governments, believing that direct financial support will greatly benefit citizens. He also emphasized the importance of local governments engaging with their communities to understand their needs before drafting budgets, as this would help boost internally generated revenue (IGR).

While highlighting the significance of the Fiscal Responsibility Act 2007, which was designed to strengthen independent revenue sources, he encouraged participants to leverage Section 51 of the Act to question any lack of transparency in government activities.

Muruako commended President Bola Tinubu’s fiscal reforms, especially in tax policy, noting that these efforts will boost revenue generation for state and local governments.

The call for fiscal sustainability aligns with ongoing efforts to improve financial accountability and governance across all tiers of government in Nigeria.

Notable discussants at the workshop include:

Victor Muruako, Esq., Executive Chairman, Fiscal Responsibility Commission (FRC), Dr. Shehu, Chairman, Revenue Mobilization Allocation & Fiscal Commission (RMFAC), Dr. Oluwatoyin Madein, Accountant General of the Federation, Hon. Akin, Chairman, State Commissioners Forum and Commissioner for Finance, Ekiti State

These leaders engaged in in-depth discussions on revising the revenue allocation formula to enhance fiscal federalism and promote development at sub-national levels. 

The workshop aims to provide actionable solutions to Nigeria’s revenue challenges while fostering transparency, accountability, and efficiency in public finance management.

ShareTweetSend
Previous Post

Partnering with CARE Nigeria will amplify our efforts and better serve our end users – Anosike 

Next Post

ICPC, NCoS Forge Partnership to Strengthen Anti-Corruption Campaign

Admin

Admin

Related Posts

NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme
Other news

NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

September 27, 2025
NAWOJ Celebrates Patricia Akawu’s Appointment as NBS General Manager
Other news

NAWOJ Celebrates Patricia Akawu’s Appointment as NBS General Manager

September 26, 2025
ARCN Boss Charges Agricultural Colleges, Research Institutes in Ibadan to Deepen Innovation and Training
Other news

ARCN Boss Charges Agricultural Colleges, Research Institutes in Ibadan to Deepen Innovation and Training

September 24, 2025
Next Post

ICPC, NCoS Forge Partnership to Strengthen Anti-Corruption Campaign

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

September 27, 2025
NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

September 27, 2025
  • Trending
  • Comments
  • Latest
Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

August 26, 2025
FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

August 15, 2025
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

September 27, 2025
NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

September 27, 2025
NYSC DG Applauds Tinubu as Scheme Receives 40-Seater CNG Bus from Pi-CNG, NNPCL

NYSC DG Applauds Tinubu as Scheme Receives 40-Seater CNG Bus from Pi-CNG, NNPCL

September 27, 2025
Former PDP Chairman Emmanuel Anyanwu Emerges as ADC Chairman in Obowo, Promises Unity and Progress

Former PDP Chairman Emmanuel Anyanwu Emerges as ADC Chairman in Obowo, Promises Unity and Progress

September 27, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In