Saturday, September 12, 2015

Treasury Single Account : No going back on Sept. 15 deadline – Accountant General

Act general
The Nigerian Government on Friday said there was no going back on the September 15, 2015 deadline for all Ministries, Departments and Agencies as well as the general public to comply with the directive on the Treasury Single Account, TSA policy.

The Accountant General of the Federation, Ahmed Idris, had set September 15, 2015 as deadline for the closure of all accounts of Federal Government MDAs with the commercials banks.

The TSA is part of government policy aimed at creating a single account for e-collection of government revenues to ensure that the state of all the accounts is known at a glance.

Mr. Idris had said the introduction of the TSA was part of reforms by the present administration to institutionalize a more effective and transparent management of public finances in the country.

“The September 15, 2015 deadline for the closure of all accounts of Federal Government MDAs with the commercials banks is realistic, achievable and will not be shifted forward,” Mr. Idris said.

He said the statement was to correct speculations making rounds in sections of the media that the deadline may not be feasible.

The Accountant-General said the implementation guidelines for the policy have already been developed and would soon be made available to all interested parties and the general public.

“The Office of the Accountant-General of the Federation, in line with its statutory mandate and directives by Mr. President on the TSA, will continue to provide all necessary information and technical support to all MDAs, banks and the general public to ensure a smooth, seamless and transparent implementation of the TSA/e-Collection policy,” he said.

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