Goodwill message by Barr. Victor Muruako, Chairman, Fiscal Responsibility Commission (FRC) скачать в хорошем качестве

Goodwill message by Barr. Victor Muruako, Chairman, Fiscal Responsibility Commission (FRC)

In this sharp and practical remark, Barr. Victor Muruako underscores a core truth of governance reform: money alone is not enough. “Sending the funds alone will not be enough. We must ensure fiscal discipline and guard against indiscriminate borrowing at the local level.” Speaking as the head of Nigeria’s Fiscal Responsibility Commission (FRC), Muruako stresses the need to match direct funding to Local Government Areas (LGAs) with robust public financial management systems. He warns that without safeguards, autonomy could lead to waste, inefficiency, and increased debt at the grassroots level. His remarks call attention to the urgent need for fiscal accountability, transparency, and capacity-building, especially as Nigeria implements the 2024 Supreme Court ruling on LGA autonomy.