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Fiscal Responsibility Act

FRA: Reps consolidate six fiscal bills 

The House of Representatives has consolidated six Fiscal Responsibility Act (FRA) amendment bills. It is expected that the House will reintroduce the consolidated bill for second reading soon The House of Representatives on Thursday consolidated six Fiscal Responsibility Act (FRA) amendment bills. Chairman, rules and business committee of the House, Rep. Francis Waive (APC Delta), while making a brief explanattion, said the bills are of similar subject matter enhance the need for the consolidation of...

Debt crisis: A call for speedy passage of FRA Bill | OPINION

Nigeria’s debt crisis calls for an urgent passage of the FRA amendment bill by the National Assembly  Nigeria’s public debt has surged dramatically, increasing from N12.8 trillion in 2015 to N87.91 trillion in 2023, representing an astonishing 585% rise, as per the National Bureau of Statistics. This debt increase, along with fluctuating forex rates and inflation, has worsened the economic challenges faced by Nigerians. According to a report by Statista.com on September 22, 2023, Nigeria...

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