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TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model - Politics - Nairaland

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TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by deji17: 6:18am On May 14
TSA transactions hit N30trn as countries copy Nigeria’s model

ON MAY 14, 2019

BY EMMANUEL OKOGBA1

Federal Government transactions through the Treasury Single Account (TSA) now stands at over N30 trillion.

The coordinator of TSA in the Office of the Accountant-General of the Federation (AGF), Sylva Okolieaboh, disclosed this in Abuja yesterday while playing host to a Gambian delegation which is in Nigeria to understudy the implementation of the TSA. His words, “If you start from 2012 when we started the TSA, and you look at the volume of transactions, I think you will be looking at something in the region of N30trillion. But like I said, that is in terms of transaction volume, not in terms of balances or anything, so we are looking at turnover. So the turnover should be over N30 trillion. “When we started the full TSA implementation, sometime around March 2015, as at that time, a lot of people didn’t believe. We are very happy that as at today, what we are doing has attracted so much international attention. It is not only The Gambia, we are expecting Ethiopia in the next four weeks and then another country, maybe in the next six weeks and we are aware that the international community appreciates the strides we have made in implementing TSA in Nigeria.

Earlier, the Minister of Finance, Mrs. Zainab Ahmed, who also hosted the delegation in her office, said that the TSA has made the management of federal government funds much easier. According to her, the account which is domiciled with the Central Bank of Nigeria, CBN, as the account holder, with the Ministries Departments and Agencies (MDAs) as sub-account holders, runs on a Remita platform. In his remarks, The Gambian High Commissioner to Nigeria, H.E Amedou Taal, urged concerted efforts by the two countries and other members of the Economic Community of West African States, ECOWAS, towards achieving a single currency in the sub-region. According to him, a single currency in ECOWAS would facilitate trade and increase the movement of people and goods within the sub-region, a development he argued is critical to the advancement of the community. “If we can achieve a single currency within ECOWAS, it will help us in terms of trade, the people to people relations as well as the movement of people, goods and services,” he said.

https://www.vanguardngr.com/2019/05/tsa-transactions-hit-n30trn-as-countries-copy-nigerias-model/

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Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by BlacSmit: 6:29am On May 14
Tell me the us, uk, and EU nations are copying Nigeria then I would know that we're on a progressive track

30 Likes 2 Shares

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by Babiboy: 6:29am On May 14
cool

1 Like 1 Share

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by tunjijones(m): 6:29am On May 14
.
Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by hisgrace090: 6:30am On May 14
Hmm!
Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by backnbeta(f): 6:30am On May 14
For every Kobo you pay, you pay N200' as commission angry
It's okay if they manage the account well Sha, but I'm sure there'll be a big issue over the way the TSA fund is being managed...just wait till the next administration undecided They just popped up all the funds for themselves alone, that's how I see it.

16 Likes 2 Shares

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by michlins(m): 6:30am On May 14
So if we generated over #30trn, what do we have to show for it. I mean I know we pay salaries but #30trn is still a huge amount of cash anywhere in the world. This country may not be richest but she has enough money to give a decent life to her citizens if the politicians will it

15 Likes 1 Share

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by TheSTreetman: 6:31am On May 14
TSA transactions reach 30Tril yet we are still borrowing. Until I start feeling the impact of what this government does then I know we are on the right tracks.

36 Likes 2 Shares

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by tunjijones(m): 6:31am On May 14
BlacSmit:
Tell me the us, uk, and EU nations are copying Nigeria then I would know that we're on a progressive track

This one no just get sense at all.

Yes I knw Nigeria has a lot of issues but this one I knw they got it right... It wld do u good if u stop hating and bad mouthing ur own country.

There is an adage that says it's only a bastard that use left hand to describe his father's house. Don't be a bastard pls.

41 Likes 6 Shares

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by illiteratepmb: 6:32am On May 14
All thanks to Goodluck Ebele Jonathan.

49 Likes 4 Shares

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by Younghacka(m): 6:33am On May 14
When You Said Countries Are Copying, I Thought You Meant ''Better Countries''. sad

5 Likes 1 Share

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by greatiyk4u(m): 6:33am On May 14
That is Nextlevel good news

1 Like

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by Bossontop(m): 6:33am On May 14
undecided
Gambia?......when i tot i will be seeing britain,spain, or even india sef.........mtcheewww

12 Likes 1 Share

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by Maket: 6:35am On May 14
Transaction is not Savings or balances.
Turnover will be higher.
Gej conceived while Pmb Delivers.
Kudos to them.

5 Likes

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by EVILFOREST: 6:35am On May 14
Sai MaMa.

Does anyone copy FAILURE..??
How can someone copy someone whose domain has been tagged WORLD POVERTY CAPITAL ...??

If a country can COPY our MODEL, it simply means that the POVERTY we inherited from INDIA, should then be handed over to the new COPYNERIES

3 Likes

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by jimi4us: 6:36am On May 14
Which country will copy Nigeria if not Chad or Somalia
Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by gbagyiza: 6:38am On May 14
All this interpretation on mind n paper. We need real situations, where all this forecast r translated practically in d lives of Nigerians.
Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by tactius: 6:39am On May 14
michlins:
So if we generated over #30trn, what do we have to show for it. I mean I know we pay salaries but #30trn is still a huge amount of cash anywhere in the world. This country may not be richest but she has enough money to give a decent life to her citizens if the politicians will it

We did not generate 30trn....that represents the total amount of money that has passed via TSA from 2012 to date.


Which is about 4.5 trillion per annum if you calculate the average.

18 Likes 3 Shares

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by Toseenlove: 6:39am On May 14
Christian111410:
[sup][/sup]

Mumu doesn't even know how to do a nice Photoshop. See Casting all over the Design.

3 Likes

Re: TSA Transactions Hit N30trn As Countries Copy Nigeria’s Model by paddyofboss(m): 6:41am On May 14
See below

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