BUSI­NESS Ac­coun­tant Gen­eral: FG saves N11bn Fashola lauds 6,619mw power monthly through TSA im­ple­men­ta­tion gen­er­a­tion ca­pac­ity, vows to tackle dis­tri­bu­tion is­sues

Daily Trust - - NEWS - By Ab­dul­la­teef Salau

The Ac­coun­tant Gen­eral of the Fed­er­a­tion, Al­haji Ahmed Idris, has said as at the last count, the Fed­eral Gov­ern­ment has been sav­ing N11 bil­lion ev­ery month through im­ple­men­ta­tion of Trea­sury Sin­gle Ac­count (TSA).

He said the amount would have been paid as in­ter­est on over­draft, ac­count main­te­nance cost and oth­ers im­posed by de­posit money bank but for the TSA im­ple­men­ta­tion.

But he said re­sis­tance based on lim­ited un­der­stand­ing of the fed­eral gov­ern­ment’s Trea­sury Sin­gle Ac­count (TSA) is af­fect­ing its full im­ple­men­ta­tion.

He dis­closed th­ese yes­ter­day at the Lunch Term Sem­i­nar on “Com­mon Chal­lenges in the Im­ple­men­ta­tion of the TSA in the Nige­rian Pub­lic Ser­vice” or­gan­ised by the Bureau of Pub­lic Ser­vice Re­form (BPSR) in Abuja.

Trea­sury Sin­gle Ac­count (TSA) is a uni­fied struc­ture of gov­ern­ment bank ac­counts that gives a con­sol­i­dated view of gov­ern­ment cash re­sources.

“Peo­ple are re­sist­ing TSA. Any time peo­ple say no TSA; there may be two rea­sons for this. One may be per­sonal in­ter­est while the other is that they don’t know what TSA is all about,” said the AGF, who was rep­re­sented by the Deputy Di­rec­tor/Co­or­di­na­tor, TSA and e-col­lec­tion, Mr Sylva Okolieaboh.

“Since TSA started, no one has ever come to us to seek per­mis­sion to make pay­ment; nei­ther are we tak­ing your money. As far as I’m con­cern, noth­ing has changed ex­cept mov­ing MDAs ac­counts from com­mer­cial banks to Cen­tral Bank,” he said.

Ac­cord­ing to him, TSA is among the rea­sons the univer­sity teach­ers, ASUU, gave for their on-go­ing strike ac­tion.

“ASUU is made of in­tel­lec­tu­als whose job is not to op­pose gov­ern­ment poli­cies but to con­duct re­search on TSA and help to see how to im­prove the ini­tia­tive,” he added.

Idris listed other chal­lenges to TSA im­ple­men­ta­tion to in­clude non-en­rol­ment of key arms of gov­ern­ment, ca­pac­ity deficit, lack of clar­ity in stake­holder roles as well as con­flict­ing di­rec­tives and sig­nals.

He said the ini­tia­tive cov­ers all funds, bud­getary or ex­tra­bud­getary, un­der the con­trol of Fed­eral Gov­ern­ment en­ti­ties ir­re­spec­tive of arm of gov­ern­ment.

He added that there is sig­nif­i­cant im­prove­ment in gov­ern­ment liq­uid­ity po­si­tion as all the funds are now flow­ing into the TSA.

The Act­ing Di­rec­tor Gen­eral of BPSR, Da­suki Arabi said the fo­rum was to en­lighten gov­ern­ment of­fi­cials on the TSA and their role in its im­ple­men­ta­tion. FLIGHT


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