Acting President Yemi Osinbajo wants Nigeria to build upon the many economic benefits of operating the treasury single account. He was speaking at a forum to review the account’s operations, as its balance hits five point two trillion naira that more than 16.8 billion US dollars.
Lara Afolayan reports that it has been one year since the treasury single account was introduced into the public service.
Time has no come to assess its performance. Acting President Yemi Osinbajo who was represented reels out the many economic benefits of the scheme particularly in tackling corruption and managing the nation’s lean resources.
It is a point of view roundly supported by the fiscal authorities.
The TSA’s gains notwithstanding, government admits its administration has to be innovatively stepped up for greater impact.
The consultants to the TSA scheme say it still grapples with several sharp practices that need to be urgently addressed.
The treasury single account is a collection of federal government revenue into one account domiciled with the Central Bank of Nigeria.
It is to for public service accountability and transparency as well as effective monitoring of government revenue.
