The Fiscal Responsibility Commission (FRC) has stated that Nigeria’s democratic stability depends fundamentally on prudent management of public resources.
The Commission’s Executive Chairman, Victor Muruako, who stated this in a Democracy Day message, Thursday,
explained that the Commission’s mandate of enforcing transparency and accountability in public financial management directly strengthens Nigeria’s democratic institutions.
According to him, by ensuring proper accountability of public funds and efficient allocation of resources, the FRC empowers citizens to hold their government accountable – a fundamental democratic right.
He declared: “Fiscal responsibility is the lifeblood of sustainable democracy. When citizens can track every naira of their tax money and see it translated into tangible development, that is democracy in its truest form.”
Muruako emphasised that the Commission’s mandate of enforcing transparency and accountability in public financial management directly strengthens Nigeria’s democratic institutions.
Applauding the World Bank’s recent projection of 3.6 per cent economic growth for Nigeria in 2025, Muruako described the positive outlook as an indication that recent fiscal reforms were beginning to yield results.
He acknowledged the administration’s efforts in critical areas, including subsidy reforms, revenue optimization and expenditure rationalisation, while stressing the need for continued commitment to fiscal discipline at all levels of government.
The FRC Chairman made a clarion call for collective action, urging all government agencies, civil society organisations and citizens to embrace fiscal responsibility as a shared national value.
“Our collective prosperity depends on our shared vigilance over public resources, Muruako stated. He added that Fiscal Responsibility is a civic duty, not just a government obligation,” he said, adding that the FRC remains steadfast in its mission to ensure Nigeria’s economic growth directly benefits all citizens through strict enforcement of fiscal discipline,” he concluded.
Ndubuisi Francis
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