The Secretary to the Government of the Federation (SGF), Senator George Akume, CON, has called for stronger collaboration among fiscal and oversight institutions to enhance transparency, accountability and prudent public financial management in line with the Renewed Hope Agenda of the Federal Government.
According to an official signed statement by the Head, Information and Public Relations, Office of the Secretary to the Government of the Federation (OSGF), Chris Ugwuegbulam, Senator Akume made the call while receiving the management of the Fiscal Responsibility Commission (FRC), led by its Acting Executive Chairman and Chief Executive Officer, Barr. Charles Chukwuemeka Abana, in Abuja on Tuesday, 30 June 2026.
The SGF emphasized the need for closer institutional collaboration between the Fiscal Responsibility Commission and key government agencies, including the Federal Ministry of Finance, the Budget Office of the Federation, the Office of the Accountant-General of the Federation, the Debt Management Office and other oversight institutions to eliminate duplication of responsibilities and strengthen fiscal governance.
He described the Fiscal Responsibility Commission as a critical pillar in Nigeria’s fiscal governance architecture, noting that the Commission plays a strategic role in safeguarding fiscal discipline and promoting transparency and accountability in the management of public finances.
Senator Akume stated that fiscal responsibility remains essential for sustaining macroeconomic stability, boosting investor confidence, ensuring debt sustainability and promoting the efficient utilization of public resources across all tiers of government.
He added that the Commission occupies a strategic position in strengthening public financial management and ensuring that government resources are managed with discipline, transparency and accountability in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.
Earlier, the Acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission, Barr. Charles Chukwuemeka Abana, said the Commission’s renewed focus is on improving transparency in revenue reporting, ensuring the timely remittance of operating surplus into the Consolidated Revenue Fund and eliminating revenue leakages and wastage across public institutions.
He disclosed that through enhanced monitoring of operating surplus from Government-Owned Enterprises (GOEs) and internally generated revenue by Ministries, Departments and Agencies (MDAs), the Commission monitored approximately ₦1.84 trillion in independent revenue as of September 2025 and has set a target of ₦2.5 trillion in independent revenue for 2026.
Barr. Abana also revealed that the Commission has reviewed and upgraded its Operating Surplus Calculation Template, originally developed in 2016, to reflect current fiscal realities, including the provisions of the Finance Act 2020 and subsequent fiscal policy reforms.
He explained that the template has now been fully automated to improve efficiency, accuracy and transparency in revenue computation and compliance monitoring as part of efforts to reposition the Commission for more effective service delivery.
