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Tax indiscipline promotes poverty – President of the FRC



Tax indiscipline promotes poverty – President of the FRC

By Folasade Akpan

Mr. Victor Muruako, Chairman of the Fiscal Responsibility Commission (FRC), said fiscal indiscipline in all spheres of governance promotes poverty.

He said this in Abuja on Friday after a five-day study visit that began on Monday by members of the FRC from Benue State.

Muruako, who was represented by Mr. Chris Uwadoka, Special Assistant to the President, said Nigeria was at a point where it needed to pull together everything it could to avoid any revenue leakage.

“That’s why there’s this new push for accountability, transparency and sustainability, usually things you call fiscal responsibility.

“So it’s a worthwhile thing and now is the right time for it, there is no bad time for it but no better time than now.”

Muruako said the commission was seeing success in its campaign of fiscal prudence.

He said that through the commission’s activities related to identification and revenue generation, this caused government institutions to send the appropriate portion to the federal government’s consolidated revenue fund.

During the Benue FRC state study visit, Muruako commended the legislature for enacting the Fiscal Responsibility Law (FRA) in the state and also congratulated the governor for establishing the commission.

However, he instructed members to make good use of everything they have learned and to ensure that the state is fiscally prudent, especially with borrowed funds.

“There are states that have enacted the law, but struggled to set up a commission, but they also sent the members of that commission for training, so we’re delighted they’re here.

“We have made our directory of knowledge and contacts available to them because we know that state and local governments are an important part of Nigeria’s macroeconomics.

“These are the places where the gross domestic product (GDP) of the country is actually generated and they also have a huge contribution to public spending in Nigeria,” he said.

Mr. Igyuse Yahuza, President of the Benue State FRC, said the learning experience had been great and it would help to better prepare to serve the state.

He said: “The experience and exposure of the visit will be a huge contribution to empowering us and enlightening us on the way forward as we return to the state.

“Look at the law establishing the FRC at the state level versus federal law, it’s really almost the same thing, so the Benue state government decided to domesticate the law to allow us to apply at the state level. ”

Yahuza praised the FRC not only for teaching them the basics of fiscal responsibility, but also for making sure they were trained by other government anti-corruption agencies.

Mr. Usa-Adi Frank, permanent secretary of the Benue State Ministry of Finance and also a member of the state’s FRC, said the state decided to enroll in the program so as not to be crushed through corruption.

He said there were a lot of laws that states had put in place to make sure everything was done according to the rules, but people weren’t aware enough to grasp and follow them.

“We encourage other states to come and learn from you so that states are such that they don’t go out of regulations and do more.

“If you look at the FRC laws at the federal level here, there are no penalties for violators, but we have gone ahead to make sure there is punishment for anyone who crosses the line.” , did he declare.

The Nigerian News Agency (NAN) reports that the FRC was created by the FRA to ensure prudent management of the nation’s resources. (NAN)

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