The Senate has promised to allocate adequate funds to government agencies playing watchdog roles, given their critical functions of compelling revenue-generating agencies to comply with financial regulations.
Chairman, Senate Committee on Finance, Sen. Sani Musa, stated this when the Chairman of Fiscal Responsibility Commission (FRC), Mr Victor Muruako, appeared before the committee to defend the commission’s budget.
Sani, who decried what he called the under-funding of the commission, said that such critical and strategic agencies could not continue to be weakened lack of proper funding,
He said that the principle of budget envelope, which made it mandatory for the Budget Office to make proposals for the agencies, was hampering its activities, as adequate funds had never been allocated since its establishment in 2007.
The News Agency of Nigeria (NAN) reports that FRC was established in 2007 to promote transparent and…
Source: Guardian Newspaper
