FRC, NIPSS collaborate for increased fiscal efficiency, enhanced govt revenue
The Fiscal Responsibility Commission in collaboration with the National Institute for Policy and Strategic Studies, has collaborated, organizing a high-level training on strategies for increased fiscal efficiency and enhanced Government revenue.
This is coming with the persistent declining revenue challenges and the subsequent pressure on Government, meeting up with revenue targets.
The workshop is expected to reinforce principles of fiscal responsibility within operations of Government Owned Enterprises, GOEs, and key Ministries Departments Agencies, MDAs; enhance participants’ capacity to implement reforms that strengthen transparency and accountability; provide a roadmap for improved fiscal efficiency, sustainable revenue mobilization, and reduction of leakages in Government finance, and encourage synergy between fiscal policymakers, regulators, and institutional leaders for better economic governance in line with President Bola Ahmed Tinub’s ‘Renewed Hope Agenda.’
The Fiscal Responsibility Commission, established under the Fiscal Responsibility Act, FRA, 2007, is mandated to monitor and enforce payment of Operating Surplus by 68 GOEs, while ensuring accountability in the management of internally generated revenue by other critical Government agencies.
The collaboration with NIPSS underscores recognition of the Institute as Nigeria’s apex policy think-tank and training hub for strategic leadership.
Speaking on the forthcoming collaboration, Tijjani Abdullahi, Principal Partner/CEO of Thinkbig Consulting Limited, noted that; “the Workshop is designed to create an environment where top Government officials can brainstorm, re-strategize, and commit to advancing fiscal responsibility for national development.
“By engaging Chief Executives and key finance, legal, and compliance officers of these agencies, the Workshop with theme: ‘Strategy for Fiscal Efficiency, Enhanced Government Revenue, and Plugging Leakages in Nigeria’s Financial Management System,’ seeks to provide a platform for critical dialogue, knowledge exchange, and design of practical strategies to strengthen fiscal discipline, boost Government revenue, and minimize financial leakages within the public sector.
“The Workshop, facilitated by Thinkbig Consulting Limited will feature presentations from seasoned experts and policy leaders, including;
Victor Muruako, Executive Chairman of the Fiscal Responsibility Commission, who will deliver the Welcome Address, setting the tone for high-level deliberations.
“Prof Uche Uwaleke, Nigeria’s first Professor of Capital Market Studies, will present a paper on ‘Examining the New Tax Reforms and Payment of Operating Surplus by Government Owned Enterprises, GOEs.
“His presentation will critically assess recent tax reforms and their implications for GOEs’ compliance with fiscal responsibility laws.
“Also, Chukwuemeka Charles Abana, Director, Legal, Investigations and Enforcement, FRC, will deliver a paper on Deepening Understanding of the Fiscal Responsibility Act, 2007.
“This session will strengthen participants’ grasp of the legal and regulatory framework guiding fiscal operations.
“In addition, renowned policy scholars and facilitators from the National Institute for Policy and Strategic Studies, NIPSS, will enrich the programme by delivering papers on wider fiscal and economic governance issues, ensuring a balanced mix of academic depth, policy relevance, and practical guidance,” Abdullahi informed.
The event will be attended by Chief Executives and Directors of Finance, Accounts, and Legal Services from GOEs, senior officials from MDAs, and selected policymakers.
