Senate Committee Commits to Improved Fiscal Regime, Passage of FRA Bill The Public Accounts Committee of the Senate has expressed commitment to an improved fiscal regime that would check wastages and corruption in the publ
The Public Accounts Committee of the Senate has expressed commitment to an improved fiscal regime that would check wastages and corruption in the public sector of Nigeria.
The Chairman of the Committee, Senator Matthew Urhoghide , while commending the GIFT Nigeria Project cluster members for the efforts at promoting sanity in the country’s public finance management systems, said passage of the FRA bill would go a long way to reverse the trend of poor revenue generation and opaque expenditure patterns.
“Part of our functions is to ensure transparency, accountability in order to ensure value for money where agencies spend public funds. We do this through the Office of the Auditor General of the Federation.”