Fiscal Responsibility Commission (FRC)

The Fiscal Responsibility Commission (FRC) is a statutory body established to promote prudent management of Nigeria's public finances. The commission ensures transparency, accountability, and sustainability in government fiscal operations by enforcing compliance with the Fiscal Responsibility Act and related financial regulations.

By overseeing fiscal discipline, the FRC plays a crucial role in maintaining macroeconomic stability, enhancing investor confidence, and supporting sustainable economic growth.

Core Functions and Responsibilities:

• Monitoring and ensuring compliance with the Fiscal Responsibility Act by all tiers of government.
• Reviewing and approving annual budgets, budget implementation reports, and fiscal strategy documents.
• Promoting transparency and accountability in the management of public resources.
• Providing guidance on fiscal policies, debt management, and revenue generation.
• Conducting audits and evaluations of government fiscal activities to identify inefficiencies and recommend improvements.
• Reporting regularly to the National Assembly and the public on fiscal performance and compliance status.
• Engaging stakeholders in capacity-building and advocacy on fiscal responsibility principles.

The dashboard below provides detailed insights into the commission's budget allocation, expenditure patterns, and key performance indicators related to fiscal responsibility. This data visualization helps track the FRC's efforts in promoting transparency, accountability, and sustainable public finance management in Nigeria.