The Secretary to the Government of the Federation, Senator George Akume has urged stronger collaboration among fiscal and oversight institutions to deepen transparency, accountability and prudent public financial management in line with the Renewed Hope Agenda.
He made the call on Tuesday in Abuja, while receiving the management of the Fiscal Responsibility Commission (FRC) led by its Ag. Executive Chairman and Chief Executive Officer, Charles Chukwuemeka Abana.
The SGF emphasised the need for stronger institutional collaboration 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 and other oversight institutions to eliminate duplication of responsibilities and strengthen fiscal governance.
“I want to urge deeper collaboration with the Federal Ministry of Finance, Budget Office of the Federation, Office of the Accountant General and the Federal Debt Management Office, the General for the Federation and other oversight institutions to eliminate duplication and strengthen fiscal governance,” Akume said.
The SGF lauded the Commission for its strategic role in safeguarding fiscal discipline and promoting transparency and accountability in the management of public finances, saying it is a critical pillar in Nigeria’s fiscal governance architecture.
He described fiscal responsibility as a fundamental ingredient that sustains macroeconomic stability, boosts investor confidence, ensures debt sustainability as well as promotes the efficient utilisation of public resources across all tiers of government.
Speaking earlier, Abana stated that the Commission’s renewed focus was geared towards improving transparency in revenue reporting, ensuring timely remittance of operating surplus into the Consolidated Revenue Fund, and eliminating revenue leakages and wastage across public institutions.
Abana stressed that the Commission recorded approximately N1.84 trillion in monitored independent revenue as at September 2025 through enhanced monitoring of operating surplus from Government-Owned Enterprises (GOEs) and independent revenue generated by Ministries Departments and Agencies (MDAs). He added that the commission was also targeting N2.5 trillion in independent revenue for 2026.
In a bid to reposition the Commission for effective service delivery, he said it has reviewed and upgraded its fully automated Operating Surplus Calculation Template, originally developed in 2016, to reflect current fiscal realities, including the provisions of the Finance Act, 2020, and subsequent fiscal policy reforms.
Olawale Ajimotokan
