The Office of the Accountant-General of the Federation, OAGF, on Monday, February 7, said it has mopped up N2.3 trillion into the Treasury Single Account (TSA).
Its Director of Funds, Mohammed Dikwa, disclosed this at the opening session of the workshop on TSA in Abuja.
He said with over 17,000 bank accounts being operated at the federal level in commercial banks, government had no choice but to introduce the TSA which has so far helped in mopping up about N2.3trillion into the various accounts maintained and operated at the Central Bank of Nigeria (CBN).
In similar vein, the Accountant-General of the Federation (AGF), Mr.Alhaji Ahmed Idris, said 98 per cent of the Ministries, Departments and Agencies (MDAs) have complied with the TSA.
He said following government’s February last year directive, all federal MDAs are now on TSA operating their account successfully through the CBN.
Idris said: “As at December 2015, 726 MDAs, which are responsible for almost 98 per cent of the national budget have complied fully.”
According to him, the challenges encountered in the adoption of the TSA were entrenched resistance from banks and the MDAs, which the Federal Government has now overcome.
