TSA Update: FG Realises N2.7tn | Independent Newspapers Limited
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TSA Update: FG Realises N2.7tn

Ahmed Idris
Posted: Apr 21, 2016 at 4:21 pm   /   by   /   comments (0)

The Accountant-General of the Federation (AGF), Mr. Ahmed Idris has given an update on government savings.

He spoke during an interactive session with a team of journalists led by Director News, Federal Radio Corporation of Nigeria (FRCN), Alhaji Sani Sulieman.

Idris said the amount so far collected on the Treasury Single Account,(TSA) platform is slightly above 2.7 trillion naira.

He further stated that these monies belong to Federal Government Ministries, Department and Agencies, and meant for their operations and not for sharing or for any other purposes as being reported in some quarters of the media.

Mr. Idris said that the TSA has helped government to have a firm and full control of its resources, blocking leakages, helping it to reduce the cost of borrowing and to monitor spending in the MDAs.

He called on all organizations who have any problems on the operations of the TSA to come forward with their problems, assuring that the Office of the Accountant General of the Federation is committed to resolving whatever challenges they might have in line with best practices.