Fiscal Responsibility Commission Indicts FCT, 29 States for Non-Compliance

The Fiscal Responsibility Commission has said that the Federal Capital Territory (FCT) and 29 states have been ignoring the Fiscal Responsibility law.

The Acting Chairman of the Commission, Mr Victor Muruako, who made the revelation in Abuja recently, said that only seven states including Kebbi, Kwara, Taraba and Ekiti have implemented the law so far.

Mr. Muruako urged each state to set up a Fiscal Responsibility Commission to enforce the law in their respective domains.

The fiscal responsibility law came into force at the federal level following the signing of the Fiscal Responsibility Act, 2007 by the late President Musa Yar’Adua. The law provides for prudent management of the nation’s resources through greater accountability and transparency in fiscal operations, among other statutes.