by 
Sokoto state Governor,
Aminu Waziri Tambuwal has signed into law the Fiscal Responsibility Agency and
for Other Connected Purposes (FRAC) to provide for the establishment of Fiscal
Responsibility Agency in the state.
At its plenary the Sokoto State House of
Assembly (SOHA) presided over by its Deputy Speaker Abubakar Magaji had passed
the law on the same day. The governor also signed another law to integrate,
harmonize and consolidate all revenues accruing to government ministries,
departments and agencies; in order to enable it generate sufficient revenue
that could be ploughed into social service and economic growth in the state.
The enactment of both laws, which took effect
December 31, 2019, and also signed by the Clerk to SOHA, Abdulrazak Shehu,
followed the presentation of two reports regarding the establishment of FRAC
and the need to enact the law on revenue integration to the House by Hon. Ahmed
Mohammed Malami member representing Sokoto South II constituency. Section 2
(vii) of the preliminary provisions of FRAC stipulates that when the agency
comes on stream it will “provide full, accurate and timely disclosure of
financial information relating to the activities of the Government and its
agencies that is ensuring transparency and accountability.” Equally,
sub-section (viii) of the preliminary provision stated that FRAC shall “manage
risk faced by the State prudently, having regard to economic circumstances.”
Meanwhile, the revenue integration law, according to its ‘explanatory
memorandum’ is to “codify and consolidate various laws relating to the taxes,
levies and revenues in the state and establish the Sokoto State Internal
Revenue Service.”
Source: Vanguard
