The Chairman of the Fiscal Responsibility Commission, Victor Muruako, has called on the federating states to domesticate the Fiscal Responsibility Law.
Speaking with a close source on Wednesday in Abuja, Muruako made note that it became very essential to domesticate this policy in order to agree with the sterling principles of accountability and transparency in fiscal operations, and within a feasible framework.
The Fiscal Responsibility Act 2007 is primarily constructed to checkmate wastages and corruption, whilst making sure that accountability in the management of public finance.
Muruako, who cited the adoption of the policy in Sokoto, following its safe passage into law in 2020, also revealed the commission’s willingness to make technical assistance available to the federating states. It had been properly engaged on the necessity of incorporating the fiscal responsibility policy into state laws.
He, however, showed concern over the non-establishment of fiscal responsibility agencies in some states that have adopted the law, saying that the commission would not be calm on pressing further to see to a streamlined fulfilment of this promising policy in the interest of national financial security.
“We will keep encouraging them, we will keep running after them and we will keep reaching out.
“It is enlightenment, it is sensitization, we will keep talking to the citizens of the states, particularly their parliaments to also come about it.
“You know in fiscal federalism you can’t whip anybody into line unless if you are using the carrot and stick, which is what the Federal Government has been doing,’’ Muruako stated.
