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FG scraps fiscal responsibility commission

By Emman Ovuakporie

ABUJA—THE Federal Government,yesterday, concluded the scrapping of the Fiscal Responsibility Commission in line with recommendations of Steve Oronsanye’s Committee on the restructuring of federal agencies and parastatals.

Chairman of the Revenue Mobilisation and Fiscal Responsibility Commission, RMAFC, Elias Mbam, gave the hint during the 2014/2015 budget defence held at the instance of the House Committee on Finance.

Mbam revealed that the chief executives of both commissions had earlier signed relevant documents on the winding down of the Commission. “I want to say that the white paper of the restructuring of parastatals of MDAs generally gives additional assignments to the commission because from that white paper, the fiscal responsibility commission will be scrapped. The process of winding up of that commission has reached advance stage. In fact today, yesterday, we met in my office for a technical session on how to absorb their buildings and personnel was concluded in my office this morning,”

He, however, noted that the process would be concluded when the White Paper is approved by the National Assembly. On his part, Victor Muruako, acting chairman of Fiscal Responsibility Commission expressed regret over Federal Government’s resolve to submerge the commission under RMAFC.


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