Buhari Orders All MDAs To Comply With TSA
President Muhammadu Buhari has ordered all Ministries, Departments and Agencies, MDAs, to comply with his Presidential Order on Treasury Single Account (TSA).
The TSA is a public accounting system using a single account, or a set of linked accounts by government to ensure all revenue receipts and payments are done through a Consolidated Revenue Account (CRA) at the Central Bank of Nigeria (CBN).
The scheme covers all MDAs as well as other institutions and parastatals that collect revenues and monies payable to FGN, including all forms of receipts, refunds, operating surpluses, transfers, donations, over-payment, taxes and customs duties, etc.
Mr Buhari gave the presidential order in August 2015, instructing strict compliance with the scheme.
The order, according to the presidency “is intended to ensure greater transparency and accountability in the management of public funds”.
President @MBuhari has instructed all government agencies to ensure compliance with his Presidential Order on Treasury Single Account (TSA)
— Presidency Nigeria (@NGRPresident) October 18, 2017
The TSA Presidential Order, in Aug 2015, is intended to ensure greater transparency and accountability in the management of public funds.
— Presidency Nigeria (@NGRPresident) October 18, 2017
The TSA Order has so far resulted in the consolidation of thousands of Govt bank accounts, and saved billions of Naira in banking charges.
— Presidency Nigeria (@NGRPresident) October 18, 2017
The TSA policy predates the @MBuhari Administration,but was halfheartedly implemented until the Presidential Order of Aug 2015 #GovtAtWorkNG
— Presidency Nigeria (@NGRPresident) October 18, 2017