Friday, 25 March 2016

President Buhari says over N3 trillion revenue has accrued to Treasury Single Account (TSA). cc @DrJoeAbah

Addressing APC leaders at the national secretariat yesterday in Abuja, Buhari said regardless of the present challenges, nobody could contradict the fact that what his administration was focusing on at the moments remained very critical to the development and overall well- being of the people.
He said: “When we insist that we have to know what comes in and what goes out for us to make a comprehensive amendment to the economy, we know what we are doing. If you go and see the Central Bank Governor, he will tell you that in the TSA, we have more than N3 trillion. Where would this money have been if TSA was not in vogue?”
Buhari painted a clear picture of the dire state of the economy when he told members of the highest decision-making body of APC that 27 out of 36 states were having serious problems in paying their workers’ salaries, a situation he attributed to financial indiscretion of the former PDP-led administration.
While highlighting some of the achievements of his nine- month administration, the President said the FG has been able to mop- up more than N3 trillion from payments into the TSA since its inception.
He said TSA savings would be redeployed and distributed to all the critical sectors of the economy as soon as the implementation of the 2016 budget commences.

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