ADVERTISEMENT

Accountant General of the Federation says savings has hit N3tr

Idris also said the TSA has eliminated the practice whereby commercial banks use public funds for investment.

The Accountant General of the Federation (AGF), Alhaji Ahmed Idris

Idris said “TSA became fully operational in April 2012 with 93 pilot MDAs accessing their allocations directly from the Consolidated Revenue Fund Account. Incrementally, MDAs on TSA went to 225 (2013), 345 (2014) and 706 (2015). Currently over 900 MDAs are on TSA.”

The AGF also said the number of government agencies enrolled in the account has increased to 976.

He also said the TSA was beneficial in the sense that it lets the government know how much it has at any point.

ADVERTISEMENT

Idris said “TSA has also reduced the number of government bank accounts outside the CBN thereby strengthening controls, fast-tracking the MDAs compliance with the e-payment and cashless policy of the CBN and improvement in monetary policy management of the CBN with positive impact on inflation.”

He also said the TSA has eliminated the practice whereby commercial banks use public funds for investment.

The AGF also added that the system has reduced corruption.

See Pulse Photo-News gallery below.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

EFCC arrests fake state house staff over alleged ₦22m employment scam

EFCC arrests fake state house staff over alleged ₦22m employment scam

Tinubu's adviser, Onanuga urges Nigerians to embrace farming

Tinubu's adviser, Onanuga urges Nigerians to embrace farming

Atiku speaks on internal crisis in Katsina PDP after visiting Buhari

Atiku speaks on internal crisis in Katsina PDP after visiting Buhari

VIDEO: Atiku pays surprise visit to Buhari in Daura

VIDEO: Atiku pays surprise visit to Buhari in Daura

No confirmed cholera case in Ebonyi — Health Commissioner

No confirmed cholera case in Ebonyi — Health Commissioner

FG sets up task force to eliminate touts, illicit activities at airports

FG sets up task force to eliminate touts, illicit activities at airports

We've completed rehabilitation of 90 roads in Abia – Otti

We've completed rehabilitation of 90 roads in Abia – Otti

Baba Wande, Kelani reconciliation, valuable lesson for Nollywood — Filmmaker

Baba Wande, Kelani reconciliation, valuable lesson for Nollywood — Filmmaker

Lagos Police detain 2 officers over illegal duty which led to civilian's death

Lagos Police detain 2 officers over illegal duty which led to civilian's death

Pulse Sports

‘Respect’- Super Eagles star Victor Boniface pays homage to Obafemi Martins

‘Respect’- Super Eagles star Victor Boniface pays homage to Obafemi Martins

PulseSports30: Olayinka, Dessers, Moffi crack top ten

PulseSports30: Olayinka, Dessers, Moffi crack top ten

PulseSports30: Okoye back among the best as Olawoyin finishes ahead of Tella

PulseSports30: Okoye back among the best as Olawoyin finishes ahead of Tella

Finidi George responds to accusation made by Victor Osimhen in viral video

Finidi George responds to accusation made by Victor Osimhen in viral video

Elaine Thompson-Herah withdraws from the 200m of the Jamaican Olympic games trials amidst injury woes

Elaine Thompson-Herah withdraws from the 200m of the Jamaican Olympic games trials amidst injury woes

PulseSports30: Sikiru Alimi tops Moses Simon as Osayi-Samuel comes in at 24

PulseSports30: Sikiru Alimi tops Moses Simon as Osayi-Samuel comes in at 24

ADVERTISEMENT
ADVERTISEMENT