Akume tasks oversight institutions on stronger fiscal governance
The Secretary to the Government of the Federation (SGF), 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 while receiving the management of the Fiscal Responsibility Commission, led by its Acting Executive Chairman and Chief Executive Officer, Charles Chukwuemeka Abana, during a courtesy visit in Abuja.
The SGF urged closer cooperation between the Commission and key government institutions, 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 agencies to eliminate duplication of responsibilities and strengthen fiscal governance.
He described the Fiscal Responsibility Commission as a critical institution in Nigeria’s fiscal governance framework, noting that it plays a strategic role in promoting fiscal discipline, transparency and accountability in the management of public finances.
According to Akume, fiscal responsibility remains essential for sustaining macroeconomic stability, boosting investor confidence, ensuring debt sustainability and promoting the efficient use of public resources across all levels of government.
“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 said the Commission’s renewed focus is on 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.
He disclosed that enhanced monitoring of operating surplus from Government-Owned Enterprises (GOEs) and independently generated revenue by Ministries, Departments and Agencies (MDAs) enabled the Commission to monitor approximately ₦1.84 trillion in independent revenue as of September 2025.
Abana added that the Commission has set a target of ₦2.5 trillion in monitored independent revenue for 2026 as part of efforts to strengthen fiscal accountability.
