The Fiscal Responsibility Commission (FRC) was
established by the Fiscal Responsibility Act of 2007. It
is independent in the performance of its functions and
the provisions of Public Protection Act apply to the
members of the Commission in discharge of their
functions under the Act.
The Commission is composed of the following:
- A chairman, who is the Chief Executive and
accounting officer of the Commission;
- One member representing:
- The organised private sector,
- Civil Society engaged in causes relating to
probity, transparency and good governance,
- Organised labour
- A representative of the Federal Ministry of
Finance of a level not below the rank of a Director;
- One member to represent each of the six
geographical zones of the country, that is:
North-Central, North-East, North-West, South-East,
South-West, and South-South.
The Chairman and other members of the Commission
other than ex-officio members were appointed by the
President and Commander in Chief of the Federal Republic
of Nigeria after confirmation by the Senate.
The Chairman and members of representing the six
geographical zones shall be full time members while the
others are part time members but all with a tenure of
single term of five years.