FRC parleys stakeholders on banks’ lending to government, public institutions

The Fiscal Responsibility Commission (FRC) has concluded preparations to hold a stakeholder dialogue on implementing sections of the Fiscal Responsibility Act that relate to lending by banks to governments and public institutions in the federation.

The event to be held in Lagos this weekend will bring together a diverse group of stakeholders including banking Institutions, government representatives, economists, academics and experts in fiscal governance.

The Fiscal Responsibility Act 2007 (FRA), which is Nigeria’s foremost legal framework for the promotion, monitoring and enforcement of fiscal discipline, stipulates that lending by banks to governments or their agencies in contravention of certain provisions of the Act shall be unlawful. Hence, the Commission aims at using the Stakeholder

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