Nominee Tells Senate FRC Operated Without Board for Over 13 Years
A nominee for the Fiscal Responsibility Commission (FRC) has told the Senate that the commission operated without a board for over 13 years.
About the Fiscal Responsibility Commission
The Fiscal Responsibility Commission (FRC) is a Nigerian government agency responsible for promoting fiscal responsibility and transparency in government operations. It is mandated to ensure that government agencies and institutions comply with the commission's guidelines on budgeting and financial management.
FRC Nominee's Testimony
Abdullahi Saidu, the nominee for the FRC chairman, appeared before the Senate Committee on Finance for a confirmation hearing.
During the hearing, Saidu told the committee that the FRC has been operating without a board since 2008. He said that the absence of a board has hindered the commission's ability to carry out its mandate effectively.
Nominee's Suggestions
If confirmed, Saidu pledged to work with the National Assembly and other stakeholders to strengthen the FRC and improve its capacity to fulfill its mandate. He also proposed to review the FRC Act to ensure that the commission has the necessary powers and resources to effectively carry out its functions.
Senate Committee's Response
The Senate Committee on Finance thanked Saidu for his submission and assured him that the committee would work with him to ensure the FRC is strengthened.
FRC's Current Situation
The FRC operates without a board since 2008, a situation that has affected the commission's ability to effectively carry out its mandate. The Nigerian government is expected to take legislative action to rectify this situation.
FRC's Future Plans
If confirmed, Saidu intends to review the FRC Act to ensure the commission has the necessary powers and resources to effectively carry out its functions. He also pledged to work with the National Assembly and other stakeholders to strengthen the FRC and improve its capacity to fulfill its mandate.
Senate Committee's Response
The Senate Committee on Finance expressed gratitude to Saidu for his submission and assured him that the committee would work with him to ensure the FRC is strengthened.
About Abdullahi Saidu
Abdullahi Saidu is a former National Audit Officer of the Federal Government and has over 20 years of experience in public financial management.
Background on FRC
The Fiscal Responsibility Commission (FRC) is responsible for promoting fiscal responsibility and transparency in government operations. It is also mandated to ensure that government agencies and institutions comply with FRC guidelines on budgeting and financial management.
Senate Committee's Response
The Senate Committee on Finance thanked Saidu for his submission and assured him that the committee would work with him to strengthen the FRC.
Senate Committee's Recommendations
- The Senate Committee on Finance recommended that the FRC be given a board, which would oversee its operations and ensure its independence.
- The committee advised the FRC to review its Act to ensure that it has the necessary powers and resources to effectively carry out its mandate.
- The committee called on the FRC to improve its capacity to fulfill its mandate through capacity building programs.
FRC's Mandate
The Fiscal Responsibility Commission (FRC) is responsible for promoting fiscal responsibility and transparency in government operations. It is mandated to ensure that government agencies and institutions comply with FRC guidelines on budgeting and financial management.
About Abdullahi Saidu
Abdullahi Saidu is a former National Auditor-General of Nigeria and has over 20 years of experience in public financial management.
Background on FRC
The FRC was established in 2007 to promote fiscal responsibility and transparency in government operations, ensuring that government agencies and institutions comply with FRC guidelines on budgeting and financial management.
Senate Committee Recommendations
- The Senate Committee recommended that the FRC be given a board to oversee its operations and ensure its independence.
- The committee advised the FRC to review its Act to strengthen its powers and resources to effectively carry out its mandate.
- The committee called on the FRC to improve its capacity through capacity-building programs.
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<small>Source: Vanguard News — read the original story there.</small>
