20,000 Bank Accounts Consolidated Under TSA

Speaking at a 2-day workshop for financial correspondents yesterday in Abuja, the AGF noted that the consolidation of accounts has further brought about transparency and effective tracking of government revenues.

He said, “As part of our stewardship, TSA has enabled us to make tremendous gains to the federal government and to the Nigerian economy. We have successfully eliminated multiple banking arrangements, resulting in consolidation of over 20,000 bank accounts which were spread over Deposit Money banks across the country.

“TSA has taken us out of the era of indiscriminate borrowings by MDAs and saved government the charges associated with those borrowings which hitherto amounted to N4.7 billion monthly”.

Stating that capacity building is one of his cardinal goals, the Accountant General said in that regard,  his team of management has successfully trained 2,537 staff of the Treasury in different grade levels between February and April this year.