Fiscal Commission remits N2trn – Official
The official said the N2 trillion was remitted to the Consolidated Revenue Fund from 2007 till date.
ADVERTISEMENT
The official said the N2 trillion was remitted to the Consolidated Revenue Fund from 2007 till date.
The Fiscal Responsibility Commission blames the action of the MDAs on the defects in the Act establishing the Commission.
Mr Muruako has been acting as FRC chairman for seven years without board members.
All government agencies are expected to compulsorily remit their operating surpluses to the federation account annually.
Fiscal Responsibility Commission says more funds will be generated if all 122 corporations under it comply with the regulations.
The key assumptions of the 2018 budget were predicated on oil production of 2.3 million barrels per day.
Only 15 states have adopted the Fiscal Responsibility law.
According to him, the recovered amount included N20 billion remitted by NCC in 2010 and another N2 billion it remitted ...
The fiscal responsibility law provides for prudent management of the nation's resources The Fiscal Responsibility Commission on Tuesday said 29 states and ...
