{"id":121811,"date":"2025-09-02T01:12:57","date_gmt":"2025-09-02T00:12:57","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=121811"},"modified":"2025-09-02T01:12:57","modified_gmt":"2025-09-02T00:12:57","slug":"only-one-state-complies-with-fiscal-responsibility-act-frc","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/only-one-state-complies-with-fiscal-responsibility-act-frc\/","title":{"rendered":"Only One State Complies With Fiscal Responsibility Act \u2013 FRC"},"content":{"rendered":"<div style=\"text-align: justify;\">By \u200eDaniel Adaji<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe Fiscal Responsibility Commission (FRC) has raised concern that only one out of Nigeria\u2019s 36 states and the Federal Capital Territory (FCT) complies with the Fiscal Responsibility Act\u2019s requirement to conduct a Cost-Benefit Analysis (CBA) before borrowing.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe disclosure came on Monday as the Commission flagged off a high-level Executive Training Programme on Leveraging Digital Innovation for Enhanced Fiscal Governance and Accountability in Lagos.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe training is being organised in partnership with the Africa Development Studies Centre (ADSC).<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eSpeaking on behalf of the Executive Chairman, Victor Muruako, the Commission\u2019s Special Adviser, Dr. Chris Uwadoka, said the situation underscores the urgent need for reform in public financial management. He revealed that the FRC is developing a digital CBA toolkit to standardize the process and pledged technical support to states willing to comply.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200e\u201cThis programme is not just about theory. It is about deploying data-driven solutions to block leakages, strengthen budget credibility, and ensure every Naira is accounted for,\u201d Uwadoka stated.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eHe praised the administration of President Bola Tinubu for placing digital innovation at the heart of fiscal reforms, pointing to new tax legislation, real-time monitoring of crude oil exports by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Customs digital reforms as clear evidence of progress.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eCharging participants to take the training seriously, Uwadoka stated: \u201cYou are the custodians of our fiscal conscience. Leave here not just with certificates but with digital blueprints for your agencies. Let us lock the doors to waste and throw open the windows to transparency.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe training, which continues until Wednesday, has brought together directors, auditors, accountants, and policymakers from across the country. Its goal, according to the FRC, is to build a community of fiscal innovation champions equipped with practical digital tools for transparency, accountability, and economic sustainability.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">\u200eThe Commission stressed that enhancing compliance with the Fiscal Responsibility Act remains central to its mandate, particularly in debt management where non-adherence has continued to threaten economic stability.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By \u200eDaniel Adaji \u200e \u200eThe Fiscal Responsibility Commission (FRC) has raised concern that only one out of Nigeria\u2019s 36 states and the Federal Capital Territory (FCT) complies with the Fiscal&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":121812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-121811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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