TSA Rakes In N5.24trn For Nigeria

Ahmed Idris
Ahmed Idris

The Accountant-General of the Federation, Mr. Ahmed Idris has noted that the quality of  leadership provided by President  Muhammadu Buhari, which he described as  rare courage and political will is a major reason for the successes so far achieved by the Treasury Single Account policy implementation.

The AGF made this disclosure  during his welcome Address at the opening of a two day retreat on the one year of the  TSA implementation ( the benefits, challenges and way forward) being organised by his office at the International Conference Centre Abuja from 14-15 February, 2017.

Highlighting the successes of the TSA , Mr. Idris revealed that the sum of N5.244 trillion has so far been realized as inflows in the TSA account following the moping -up and direct debits of Accounts by the Central bank of Nigeria.

Mr Idris further said that TSA has eliminated multiple banking arrangements in the MDAS and resulted in the consolidation of over 200,000 bank accounts which were spread in Deposit Money Banks across the country .

TSA has equally  brought transparency , effective tracking of Government revenue as well as blocked leakages and abuse in management of Government finances

“TSA implementation  has taken us out of the Era of indiscriminate borrowings by MDAS and saved Government charges associated borrowing which amounted to about N4.7 Billion prior to full Implementation of TSA,” the AGF said.

 


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