IMF Initiates Capacity Development Training for Fiscal Responsibility Commission

By Milcah Tanimu

The Fiscal Responsibility Commission (FRC) inaugurated a two-week capacity development training support organized by the International Monetary Fund (IMF) in Abuja. The training aims to enhance the FRC’s capabilities in supporting the management of the economy, particularly under the leadership of President Bola Tinubu.

Victor Muruako, the Chairman of the Fiscal Responsibility Commission, expressed gratitude to the IMF for their ongoing support and commended President Tinubu for his bold fiscal reforms and commitment to combating corruption. Muruako highlighted the prioritization of transparency and accountability in recent fiscal affairs, citing the president’s actions against officials accused of financial impropriety as evidence of a genuine anti-corruption stance.

Muruako emphasized the significance of the FRC’s mandate in ensuring the country’s survival, stating that the ability to run a fiscally sound and healthy nation is crucial for Nigeria’s well-being. He noted that the training program comes at a critical moment when the government is implementing essential fiscal reforms.

The leader of the IMF team, Kubai Khasiani, explained that the training would focus on public financial management. Khasiani, the regional advisor for public financial management at the IMF, highlighted the fund’s capacity development center with an office in Ghana, providing support to six countries in the West Africa region, including Nigeria.