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TSA Govt to close multiple bank accounts of MDAs

The Niger state government has said it would close multiple bank accounts of its revenue generating MDAs on Friday.

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Nigeria to raise nearly a billion dollars in naira Treasury bills play

Nigeria to raise nearly a billion dollars in naira Treasury bills

(Reuters)

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As part of efforts towards curbing waste, the Niger state government has said it would close multiple bank accounts of its revenue generating Ministries, Departments and Agencies (MDAs) on Friday, August 19, 2016.

Alhaji Ibrahim Balarabe, the state commissioner for finance disclosed this at a revenue stakeholders' meeting in Minna today, August 16.

He stated that the measure would promote the transparency and accountability programme of the government.

He said: "The e-collection platform will consolidate our revenue drive in Niger state and bring all the revenue generating MDAs to the Treasury Single Account (TSA) pool."

He explained that the state would work out an arrangement on the sharing formula of collected revenue among the MDAs and other arms.

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The chairman, Niger Board of Internal Revenue, Alhaji Husein Mohammed urged the revenue generating MDAs to work with the board toward consolidating the revenue drive.

A representative of Cogent Works Company, the firm in charge of the automated e-collection platform for the state Malam Aliyu Musa, solicited the support of the MDAs to enable the new revenue-collection policy to succeed.

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