By Francis Wilfred
The Secretary to the Government of the Federation (SGF), Senator George Akume, has called for stronger collaboration among fiscal and oversight institutions to enhance transparency, accountability and prudent public financial management in line with the Federal Government’s Renewed Hope Agenda.Akume made the call on Tuesday in Abuja while receiving the management team of the Fiscal Responsibility Commission (FRC), led by its Acting Executive Chairman and Chief Executive Officer, Barrister Charles Chukwuemeka Abana.
The SGF emphasized the need for closer cooperation between the Commission and key government agencies, including the Federal Ministry of Finance, the Budget Office of the Federation, the Office of the Accountant-General of the Federation, the Debt Management Office (DMO), and other oversight institutions. According to him, such collaboration would help eliminate duplication of responsibilities and strengthen fiscal governance across the public sector.
He described the Fiscal Responsibility Commission as a critical institution in Nigeria’s fiscal governance framework, noting that its mandate remains central to promoting transparency, accountability and discipline in the management of public resources.
Akume stated that fiscal responsibility is essential for maintaining macroeconomic stability, attracting investment, ensuring debt sustainability and improving the efficient utilization of government resources at all levels. “The Fiscal Responsibility Commission occupies a strategic position in strengthening public financial management and ensuring that government resources are managed with discipline, transparency and accountability in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu,” he said.
Earlier, Abana highlighted the Commission’s renewed efforts to improve transparency in revenue reporting, ensure timely remittance of operating surpluses into the Consolidated Revenue Fund and curb revenue leakages across public institutions.
He disclosed that through enhanced monitoring of operating surpluses from Government-Owned Enterprises (GOEs) and revenues generated by Ministries, Departments and Agencies (MDAs), the Commission monitored about ₦1.84 trillion in independent revenue as of September 2025. Abana added that the Commission has set a target of ₦2.5 trillion in independent revenue for 2026.
He further revealed that the Commission has upgraded and fully automated its Operating Surplus Calculation Template, originally developed in 2016, to align with current fiscal realities, including provisions of the Finance Act 2020 and subsequent fiscal reforms. According to him, the automation is expected to improve efficiency, accuracy and transparency in revenue computation and compliance monitoring.
