TSA records N30 trillion worth of transaction- AGF

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The Accountant General of the Federation, Ahmed Idris says N30 trillion worth of transactions has passed through the Treasury Single Account since inception.

Idris said the TSA has helped the government in liquidity management adding that the Republic of Gambia has so much to learn from Nigeria in the area of public finance management and Treasury Single Account.

The Accountant General, who said this during a courtesy visit by a delegation from The Gambia, explained that it was an honour to receive the team in the country to understudy the implementation of the Treasury Single Account.

Represented by the Director of Funds at the visit, the AGF, Mohammed Usman advised the visiting delegation that they have a lot to learn from Nigeria’s reforms in public finance management.

Responding, the Accountant General of The Gambia, Momodou Lamin Bah said they chose Nigeria because of the accolades from across the world including from the International Monetary Fund, IMF on the successful implementation of TSA in Nigeria.

Bah said they came with a large delegation to have a broad based appraisal, have a unified approach and hear from the same group at the same time.

Meanwhile the Minister of Finance, Zainab Ahmed says the Treasury Single Account, TSA remains one of Nigerias’ most laudable programmes, acknowledged across the world.

Ahmed said the TSA enabled government see all its accounts in one window.

While acknowledging that both countries have a lot to learn from each other, she however noted that the country had some challenges in implementing TSA in the area of foreign missions because of differences in currency.

The Gambia High Commissioner to Nigeria Amadou Omar Taala said the cooperation between both countries was necessary in the spirit of sub-regional cooperation, even as ECOWAS works towards a single currency.

 

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