• About us
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 9, 2026
  • 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, Finance Ministry Move To Strengthen Fiscal Accountability, Institutional Reforms

newspegonline24 by newspegonline24
May 26, 2026
in Other news
Reading Time: 4 mins read
0
FRC, Finance Ministry Move To Strengthen Fiscal Accountability, Institutional Reforms
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

The Fiscal Responsibility Commission (FRC) has sought stronger collaboration and institutional support from the Federal Ministry of Finance as part of efforts to enhance fiscal discipline, improve operational efficiency and strengthen implementation of the Fiscal Responsibility Act (FRA) 2007.

According to an official signed statement by the Deputy Director, Strategic Communications Directorate of the FRC, Bede Anyanwu, the Acting Chairman of the Commission, Barrister Charles Chukwuemeka Abana, made the appeal during a courtesy visit to the Permanent Secretary of the Federal Ministry of Finance, Mr. Raymond Omenka Omachi, FCA, at the ministry’s headquarters in Abuja on Tuesday.

Barrister Abana, who led the Commission’s management team on the visit, described the Permanent Secretary as a key figure in the history of the Commission, noting that Mr. Omachi was among the pioneer staff of the FRC and served as its first Head of Accounts.

He explained that the decision to make the Permanent Secretary the Commission’s first official point of call since his assumption of office was informed by Omachi’s longstanding relationship with the agency and his extensive institutional knowledge of its operations.

“There is virtually no story about the Commission that the Permanent Secretary does not know,” Abana stated, while describing the Federal Ministry of Finance as a “big brother” to government agencies and a critical stakeholder in the Commission’s activities.

The Acting Chairman appreciated the support previously extended to the Commission by the Permanent Secretary, particularly during the tenure of the immediate past Chairman of the FRC, Victor Muruako, Esq., and appealed for sustained cooperation.

He also briefed the Permanent Secretary on the outcome of the Commission’s recently concluded management retreat, where a strategic work plan aimed at aligning the Commission’s operations with international best practices was developed.

Barrister Abana disclosed that arrangements had been concluded to organise a workshop on Fiscal Responsibility Index studies for Ministries, Departments and Agencies (MDAs) as part of efforts to deepen compliance with fiscal responsibility principles.

He further highlighted ongoing moves to amend the Fiscal Responsibility Act 2007, explaining that although the law provides for several offences, many lack corresponding sanctions required for effective enforcement.

According to him, the Commission is collaborating with the Federal Ministry of Justice to strengthen the legislation and improve implementation, while discussions are also ongoing with the National Assembly on fiscal rules and the process of gazetting them.

The Acting Chairman also raised concerns over manpower shortages within the Commission, attributing the development to the migration of staff to other government agencies offering better remuneration packages.

He stressed the need for staff recruitment, training and retraining to enhance operational efficiency and enable personnel effectively discharge the Commission’s mandate.

Barrister Abana additionally decried the poor office accommodation available to the Commission, describing the current arrangement as unhealthy and unsuitable for productive service delivery.

He noted that some deputy directors currently share office spaces with junior officers and appealed to the Permanent Secretary for intervention in addressing the challenge.

Responding, the Permanent Secretary of the Federal Ministry of Finance, Mr. Raymond Omenka Omachi, FCA, expressed delight at receiving the Acting Chairman and members of the FRC management team.

He commended Barrister Abana’s leadership qualities and expressed confidence in his ability, as one of the Commission’s foundation members, to reposition the FRC for greater national impact.

Mr. Omachi noted that the Commission had made significant contributions to promoting fiscal discipline and accountability in Nigeria, stressing that the Fiscal Responsibility Act 2007 has played a major role in the prudent management of national resources.

The Permanent Secretary acknowledged the poor office conditions currently faced by FRC staff and advised the Commission to formally engage the Office of the Secretary to the Government of the Federation (SGF), which he described as the Commission’s supervisory authority, on the accommodation issue.

On the proposed amendment of the FRA 2007, he assured the Commission of the ministry’s support, particularly during public hearings and stakeholder engagements.

Mr. Omachi also pledged continued institutional backing for the Commission, noting that the agency’s responsibilities require adequate funding and operational support.

He further urged staff members of the Commission to support the leadership of Barrister Charles Chukwuemeka Abana in advancing the mandate of the FRC and strengthening fiscal governance in the country.

ShareTweetSend
Previous Post

Yilwatda Celebrates Muslims, Calls For National Cohesion And Support For Tinubu

Next Post

Nigerian Army, TETFund Deepen Partnership On Local Arms Production, Drone Warfare Technology

newspegonline24

newspegonline24

Related Posts

Nigeria Police Record Major Security Breakthroughs as 88 Kidnapped Victims Rescued, Terror Suspects Arrested Nationwide
News

Nigeria Police Record Major Security Breakthroughs as 88 Kidnapped Victims Rescued, Terror Suspects Arrested Nationwide

June 9, 2026
Oyo School Abduction: Police Deploy DIGs, Target Vehicle with Concealed Number Plate
News

Oyo School Abduction: Police Deploy DIGs, Target Vehicle with Concealed Number Plate

June 9, 2026
IGP Disu Tours Police Radio Headquarters, Reiterates Commitment To Effective Public Engagement
News

IGP Disu Tours Police Radio Headquarters, Reiterates Commitment To Effective Public Engagement

June 6, 2026
Next Post
Nigerian Army, TETFund Deepen Partnership On Local Arms Production, Drone Warfare Technology

Nigerian Army, TETFund Deepen Partnership On Local Arms Production, Drone Warfare Technology

Leave a Reply Cancel reply

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

Editor's Choice

Democracy Day: FG Highlights Economic Growth, Security Reforms Under Tinubu

Democracy Day: FG Highlights Economic Growth, Security Reforms Under Tinubu

June 9, 2026
Tinubu’s Four Mega Highway Projects To Connect Six Geopolitical Zones, Says Umahi

Tinubu’s Four Mega Highway Projects To Connect Six Geopolitical Zones, Says Umahi

June 9, 2026
  • Trending
  • Comments
  • Latest
NDLEA Raids Lagos Night Club, Arrests Pretty Mike, Uncovers Cocaine Syndicate and Female Loud Distributor in Citywide Crackdown

NDLEA Raids Lagos Night Club, Arrests Pretty Mike, Uncovers Cocaine Syndicate and Female Loud Distributor in Citywide Crackdown

October 26, 2025
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
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 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

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4
Maiduguri Beyond the Smoke: Secured By Sacrifice, Reclaimed by Hope

Maiduguri Beyond the Smoke: Secured By Sacrifice, Reclaimed by Hope

3

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
Democracy Day: FG Highlights Economic Growth, Security Reforms Under Tinubu

Democracy Day: FG Highlights Economic Growth, Security Reforms Under Tinubu

June 9, 2026
Tinubu’s Four Mega Highway Projects To Connect Six Geopolitical Zones, Says Umahi

Tinubu’s Four Mega Highway Projects To Connect Six Geopolitical Zones, Says Umahi

June 9, 2026
INEC Appeals Court Rulings, Moves To Safeguard Electoral Powers Ahead Of 2027 Polls

INEC Appeals Court Rulings, Moves To Safeguard Electoral Powers Ahead Of 2027 Polls

June 9, 2026
Defence Headquarters Debunks AI-Generated Video Falsely Linked to CDS, Warns Against Spread of Misinformation

Defence Headquarters Debunks AI-Generated Video Falsely Linked to CDS, Warns Against Spread of Misinformation

June 9, 2026
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

© 2026 Newspeg magazine - powered by Xtended.

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

© 2026 Newspeg magazine - powered by Xtended.

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