With the persistent declining revenue challenges and the subsequent pressure on the government meeting up targets, the Fiscal Responsibility Commission, in collaboration with the prestigious National Institute for Policy and Strategic Studies, Jos is organizing high-level training on strategies for increased fiscal efficiency and enhanced government revenue.
The Workshop is expected to reinforce the principles of fiscal responsibility within the operations of GOEs and key 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 also encourage synergy between fiscal policymakers, regulators, and institutional leaders for better economic governance in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
This is contained in a release issued by the Deputy Director, Strategic Communications Director ,Bede Ogueri Anyanwu stated and availed Daily Nigerian Horn.
The Fiscal Responsibility Commission, established under the Fiscal Responsibility Act (FRA), 2007, is mandated to monitor and enforce the payment of Operating Surplus by 68 Government Owned Enterprises, while also ensuring accountability in the management of internally generated revenue by other critical government agencies.
By engaging Chief Executives and key finance, legal, and compliance officers of these agencies, the Workshop with the 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 the design of practical strategies to strengthen fiscal discipline, boost government revenue, and minimize financial leakages within the public sector.
The collaboration with NIPSS underscores the recognition of the Institute as Nigeria’s apex policy think-tank and training hub for strategic leadership.
The Workshop facilitated by Thinkbig Consulting Limited will feature presentations from seasoned experts and policy leaders, including:
Victor Muruako, Esq., 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.
Chukwuemeka Charles Abana, Esq., Director, Legal, Investigations and Enforcement, FRC, will deliver a paper on “Deepening the 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.
Speaking on the forthcoming collaboration, Tijjani Abdullahi, Esq., 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.”
The event is strictly by invitation and will be attended by Chief Executives and Directors of Finance, Accounts, and Legal Services from GOEs, senior officials from MDAs, and selected policymakers.