Senate Committee Calls for Better Funding of FRC.

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The Senate Committee on Finance has expressed dissatisfaction with the perennially low funding of the Fiscal Responsibility Commission (FRC). Chairman Shehu Musa emphasized the irony of underfunding a commission responsible for ensuring revenue remittances into the Consolidated Revenue Fund (CRF).

During the commission’s 2025 fiscal year budget defense, FRC Chairman Victor Muruako presented a proposed budget of N1.6 billion, which he deemed insufficient to fulfill the commission’s extensive mandate. Muruako raised concerns about increasing staff wages, as many employees have left for better-paying agencies.

The commission is seeking additional funding to improve revenue generation and amendment of the Fiscal Responsibility Act, 2007. The Act has already undergone a public hearing in the ninth legislative assembly.

According to Bede Anyanwu, Head of the Strategic Communications Directorate of FRC, the finance committee supports improved funding and enhanced salary packages for the FRC. The committee emphasized the importance of equipping the commission to perform its critical functions effectively.

The National Assembly has committed to ensuring the amendment of the Fiscal Responsibility Act to strengthen compliance by government-owned enterprises and improve transparency and accountability in public finance management.

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