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FRC to begin verification of FG projects

The Fiscal Responsibility Commission will next week commence its 2018 physical verification of selected federal government capital projects across the six geo-political zones of the country.

The projects earmarked for the first leg of the verification are in the North-East, North-West and North-Central zones of the Country.

In a statement, the Acting Chairman of the Commission, Mr. Victor Muruako says the essence of the exercise is to verify the actual existence of the projects as well as monitor the process of the work done so far to ensure that there is value for money released for the projects.

It enjoins the verification teams to carry out the assignments with diligence and sense of responsibility.

According to the statement, the verification is in tune with the next level agenda of the present administration in the area of prudence, accountability, and transparency in the efforts to ensure that projects embarked upon meet the need of the people.

It further says that the exercise will also ensure that projects that needed funding in line with the Completion targets are done and to reduce to the barest minimum approvals for new capital projects for MDAs where the existing indebtedness to contractors runs in billions.

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