Politics
Senate Set To Amend Fiscal Responsibility Act
Sixteen years into its existence, the Senate has resolved to amend the Fiscal Responsibility Act (FRA), 2007, based on the Medium Term Expenditure Framework (MTEF) report.
The Fiscal Responsibility Commission (FRC) is one of the most critical agencies of Government because its role is not just to monitor the fiscal policies but also to help generate what the monetary policies can achieve.
Speaking on Monday in Abuja during the ongoing 2023 budget defence and 2024 budget presentation at the National Assembly, Chairman, Senate Committee on Finance, Senator MuhammedSani Musa (APC, Niger East), explained that the Senate was going to work on the FRA, 2007 and look at those areas that they feel can strengthen the Commission.
Senator Musa said, “We are worried every day about the huge debt burden we are experiencing in Nigeria.
“We have made laws, and we must abide by those laws because most sub-national governments are not supposed to go to any bank to collect any overdraft without clearance or proof of compliance from the Fiscal Responsibility Commission.”
The lawmaker assured that the Senate was ready to create a better working environment for the Commission and commended the Commission for making inputs that were already yielding positive results on revenue.
Senator Musa who noted that the Upper legislative Chamber was going to consider this at the Committee level and make recommendation to the Senate, said that his hope was that the appropriation Committee of the Senate would reason with them and do something about the budget proposal of the Commission.
In his presentation, the Chairman of the Fiscal Responsibility Commission, Barrister Victor Muruako appealed to the Senate Committee on Finance to continue supporting the Commission in actualizing her mandate, emphasising on adequate funding for the successful implementation of the Act.
He therefore solicited the assistance of the Senate and expressed the willingness of the Commission to ensure higher remittances of revenue by the ministries, departments and agencies.
Muruako who considered the proposal of independent revenue generation estimated N3m as an error, proposed a further increase to the sum of N20m and expressed the hope that this would be attained while challenging other agencies to improve on their revenue drive.
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He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
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Politics
Makarfi Resigns As PDP BoT Secretary
Senator Makarfi’s resignation comes on the heels of the national convention that saw the emergence of the new Chairman of PDP, Dr Kabiru Tanimu Turaki (SAN).
In his letter of resignation, which was addressed to the PDP BoT Chairman, Senator Adolphus Wabara, and made available to journalists in Kaduna on Monday evening, the former governor said, “Chairman and Members of the Board of Trustees may recall that about two months ago I had resigned as Secretary of the Board and posted same on the Board’s WhatsApp platform.
“Mr Chairman, you may also recall that you personally urged me to stay on until after a convention that produced a Chairman.”
He added that the principal reason he initially tendered his resignation then “and now, was and is still my belief that the National Chairman of the Party and Secretary of the Board of Trustees should not come from the same geopolitical zone.
“Now that a chairman has emerged from the North West, where I come from, it’s necessary to give him full space to do the needful. Accordingly, I hereby formally resign as Secretary of the Board of Trustees of the Peoples Democratic Party with effect from today, November 17th, 2025.”
While commending the BoT Chairman for his support during his tenure as Secretary of the Board, he stressed, “I truly appreciate the very respectful relationship between us during my period as Secretary,” adding that, “I also appreciate all Board members for their support and the good relationship that prevailed during my period as Secretary.”
Meanwhile, Dr Turaki on Monday pledged to ensure that power returns to the Nigerian people, urging the judiciary to uphold the tenets of democracy.
Dr Turaki, while giving his acceptance speech after the swearing-in of new officers at the end of the Elective Convention of the PDP in Ibadan, assured that there will be “no more impunity, no more suppression of the will of Nigerians”.
The chairman appealed to the judiciary to uphold the principles of stare decision, abiding by the decisions of the Supreme Court, and not to “willingly or unwillingly put yourselves in a situation where, rightly or wrongly, it may be assumed, correctly or incorrectly, that you are part and parcel of the process to truncate Nigerian democracy.”
According to him, the new leadership of the party would be open to listening to the yearnings of members, with a view to aligning with their will, declaring that “No more monkey dey work, baboon dey chop,” adding that “if baboon wants to chop, baboon must be seated to work.”
He noted that the PDP has maintained its original name, motto and logo, unlike the other parties that started with it, making it a recognised brand anywhere in Nigeria.
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