According to the Accountant General of the Federation (AGF), Alhaji Ahmed Idris, the total inflow into the Treasury Single Account (TSA) was N3 trillion ($15 billion) as at March ending.
He added that the number of Ministries, Departments and Agencies on single account has risen to 976.
“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.”
While listing the benefits of the TSA, Idris said the adoption of the system provides better information on the cash resources available to government at any point in time and the financing gap that needs to be met.
He spoke at the ICAN UK International Zonal Conference in London, a statement released by a Lagos-based Public Relations firm – eMaginations, said.
Source: Nigeria Bulletin
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