'N2.9 trillion in TSA will not be used to fund 2016 budget,' minister says

Read: Britain, Bill Gates unveil billion dollar initiative to fight disease

She said the funds will be used by different agencies, to fund various projects, as they have rights to access the funds.

Adeosun said that the government had commenced the training of its personnel on the operation of the TSA such that any agency of government that needed its share of the funds in the account would not find it difficult accessing it.

Read: See 2015 forbes list here

Joseph Nnana, deputy governor, financial system surveillance, CBN who was present at the meeting indicated that about $20 billion lying idle in various domiciliary accounts.

He added that though some privileged Nigerians might be behind the continuous rise in dollar against Naira, but the CBN is embarking on an aggressive liquidity mop-up to enable the naira regain confidence.