This is Why National Assembly Can’t Operate TSA

The senator representing Ogun Central Senatorial District at the National Assembly, Prince Lanre Tejuoso, has defended the position of the law making body not to operate Treasury Single Account, TSA.

The lawmaker said the legislature by reason of its existence is not a revenue generating body or agency hence there is no need to remit its statutory allocation to a TSA.

Tejusoso said this yesterday while speaking with newsmen at an empowerment programme organized by him for the people of the senatorial district in Abeokuta.

He however said the NASS was in support of TSA saying any government agency or parastatal generating income for the country must remit it to the TSA.

“I believe TSA is for institutions and parastatals that generate income. When you make money it must go to government coffers. The NASS does not make money.

“Once their budget has been determined, to determine how much to be spent for the whole year, they just spend money. I think its a little misunderstanding in terms of nomenclature. Any entity that is making money for Nigeria must operate TSA.

“If NASS is doing anything that can make money for Nigeria, it can go to TSA,” Tejuoso said.