₦airaland Forum

SenseiX:
Pres Jonathan had already ordered all MDAS to close down all accounts and make all transactions with the Single TSA with the Federal govt far back in January so I don't get what's the big deal about it. Buhari probably got it from GEJ'S Handover notes.
The decision of GEJ then was well reported in the news then, it even made Nairaland's front page. Here's a punch report on it from January
The Federal Government on Tuesday directed all its Ministries, Departments and Agencies to close their revenue accounts with Deposit Money Banks latest by February 28.

The government gave the directive while unveiling an electronic revenue collection platform aimed at checking theft, diversion of collected revenue and all sorts of corrupt practices associated with revenue collection.

The balances in the revenue accounts, it said, should be transferred to the Consolidated Revenue Fund of the Federal Government.

It warned that any MDA that failed to comply with the directive by the end of February would be appropriately sanctioned.

The Accountant-General of the Federation, Mr. Jonah Otunla, disclosed these in Abuja at a workshop to sensitise the MDAs to the commencement of the electronic revenue collection project.

The implementation of the project, he stated, began on January 1 this year and that it was meant to enthrone a new regime of centralised, transparent and accountable internally generated revenue management system.

The House of Representatives had in an investigative report on unremitted revenue last year said that 60 revenue generating agencies of the Federal Government failed to remit over N9.4tn to the coffers of the government between 2009 and 2012.

The Chairman, House Committee on Finance, Abulmumin Jibrin, had said of the N3.06tn the agencies generated in 2009, only N46.8bn, or 1.53 per cent was remitted to the government.

In 2010, the sum of N3.07tn was generated, but N54.1bn or 1.76 per cent was remitted; and in 2011, the generated figure stood at N3.17tn, out of which only N73.8bn or 2.33 per cent was remitted.

Otunla said going forward, the new platform would improve the availability of funds for financing of developmental projects and budgets as well as plugging loopholes in government revenue collection and management.

He said the commencement of the e-collection platform was a product of series of treasury reforms that began in 2012 and aimed at ensuring transparency and accountability in the management of the nation’s resources.

The reforms, he stated, led to the introduction of the Government Integrated Financial Management Information System and the Treasury Single Account.

Otunla said, “We have rolled out the GIFMIS and TSA implementation. At inception, a total of 93 agencies were enrolled and as of today, we have about 551, which is about three quarter of the total budget of the federation.

“We have yet to realise the full potential of the reforms. Some big budget MDAs to wit the National Assembly, National Judicial Council, the armed forces and some other autonomous agencies have been reluctant to be brought into the GIFMIS and TSA process.

“The implication of this is that substantial cash resources of the government are still lying idle at a time when our cash flow is facing a lot of challenges. In the face of the cash flow problem, we need to be more creative. We can enhance the performance of the budget by either improving revenue or reducing costs.”

The accountant-general added, “Our efforts this morning on the e-collection of revenue is a revenue enhancing programme by freeing more funds for budget performance. We are perfecting a system of collection. We are not perfecting a system depriving the commercial banks of income.

“So, we just want to make revenue collection a little more efficient; but in the process, it might influence the inflow to the commercial banks and that’s why the Central Bank of Nigeria is playing a pivotal role.”

Shedding more light on the new revenue collection platform, the Director, Funds, Office of the Accountant-General of the Federation, Mr. Mohammed Dikwa, said, henceforth, government revenues would now be paid into the CRF/TSA at the central bank through any branch of the DMBs.

He said, “A treasury circular on e-collection will be issued next week. With the coming of e- collection, MDAs can no longer maintain revenue bank accounts with commercial banks. You are, therefore, advised to transfer any outstanding balance in your RBA to the CRF and immediately commence the processes of closing them.

“The MDAs are given up to February 28, 2015 to close the RBAs. Appropriate sanctions shall be applied against any MDA that fails to comply.”

To ensure the successful implementation of the project, Dikwa explained that a multi-stakeholder committee comprising the OAGF, CBN and representatives of all the commercial banks was set up to agree on the implementation plans and timelines.
http://www.punchng.com/business/business-economy/close-revenue-accounts-with-banks-fg-orders-mdas/
Here is the Nairaland front page thread on it back in January
https://www.nairaland.com/2082943/close-revenue-accounts-banks-fg


So Buhari only just re-issued an order already issued by GEJ
Cc lalasticlala

SenseiX:
Pres Jonathan had already ordered all MDAS to close down all accounts and make all transactions with the Single TSA with the Federal govt far back in January so I don't get what's the big deal about it. Buhari probably got it from GEJ'S Handover notes.
The decision of GEJ then was well reported in the news then, it even made Nairaland's front page. Here's a punch report on it from January
The Federal Government on Tuesday directed all its Ministries, Departments and Agencies to close their revenue accounts with Deposit Money Banks latest by February 28.

The government gave the directive while unveiling an electronic revenue collection platform aimed at checking theft, diversion of collected revenue and all sorts of corrupt practices associated with revenue collection.

The balances in the revenue accounts, it said, should be transferred to the Consolidated Revenue Fund of the Federal Government.

It warned that any MDA that failed to comply with the directive by the end of February would be appropriately sanctioned.

The Accountant-General of the Federation, Mr. Jonah Otunla, disclosed these in Abuja at a workshop to sensitise the MDAs to the commencement of the electronic revenue collection project.

The implementation of the project, he stated, began on January 1 this year and that it was meant to enthrone a new regime of centralised, transparent and accountable internally generated revenue management system.

The House of Representatives had in an investigative report on unremitted revenue last year said that 60 revenue generating agencies of the Federal Government failed to remit over N9.4tn to the coffers of the government between 2009 and 2012.

The Chairman, House Committee on Finance, Abulmumin Jibrin, had said of the N3.06tn the agencies generated in 2009, only N46.8bn, or 1.53 per cent was remitted to the government.

In 2010, the sum of N3.07tn was generated, but N54.1bn or 1.76 p
er cent was remitted; and in 2011, the generated figure stood at N3.17tn, out of which only N73.8bn or 2.33 per cent was remitted.

Otunla said going forward, the new platform would improve the availability of funds for financing of developmental projects and budgets as well as plugging loopholes in government revenue collection and management.

He said the commencement of the e-collection platform was a product of series of treasury reforms that began in 2012 and aimed at ensuring transparency and accountability in the management of the nation’s resources.

The reforms, he stated, led to the introduction of the Government Integrated Financial Management Information System and the Treasury Single Account.

Otunla said, “We have rolled out the GIFMIS and TSA implementation. At inception, a total of 93 agencies were enrolled and as of today, we have about 551, which is about three quarter of the total budget of the federation.

“We have yet to realise the full potential of the reforms. Some big budget MDAs to wit the National Assembly, National Judicial Council, the armed forces and some other autonomous agencies have been reluctant to be brought into the GIFMIS and TSA process.

“The implication of this is that substantial cash resources of the government are still lying idle at a time when our cash flow is facing a lot of challenges. In the face of the cash flow problem, we need to be more creative. We can enhance the performance of the budget by either improving revenue or reducing costs.”

The accountant-general added, “Our efforts this morning on the e-collection of revenue is a revenue enhancing programme by freeing more funds for budget performance. We are perfecting a system of collection. We are not perfecting a system depriving the commercial banks of income.

“So, we just want to make revenue collection a little more efficient; but in the process, it might influence the inflow to the commercial banks and that’s why the Central Bank of Nigeria is playing a pivotal role.”

Shedding more light on the new revenue collection platform, the Director, Funds, Office of the Accountant-General of the Federation, Mr. Mohammed Dikwa, said, henceforth, government revenues would now be paid into the CRF/TSA at the central bank through any branch of the DMBs.

He said, “A treasury circular on e-collection will be issued next week. With the coming of e- collection, MDAs can no longer maintain revenue bank accounts with commercial banks. You are, therefore, advised to transfer any outstanding balance in your RBA to the CRF and immediately commence the processes of closing them.

“The MDAs are given up to February 28, 2015 to close the RBAs. Appropriate sanctions shall be applied against any MDA that fails to comply.”

To ensure the successful implementation of the project, Dikwa explained that a multi-stakeholder committee comprising the OAGF, CBN and representatives of all the commercial banks was set up to agree on the implementation plans and timelines.
http://www.punchng.com/business/business-economy/close-revenue-accounts-with-banks-fg-orders-mdas/
Here is the Nairaland front page thread on it back in January
https://www.nairaland.com/2082943/close-revenue-accounts-banks-fg


So Buhari only just re-issued an order already issued by GEJ
Cc lalasticlala

Demdem:

Below is proof. Do u still need more?

Abugab:
And what happened with this directive till he handed over govt?
You TANoids just hate progress.
Some of you are arguing that same order was given by NOI in 2013, how come the MDAs never obeyed the orders?
Op, governance is a continuous process we know but the past administration only gave orders that were flaunted and disregarded.
Watch out how they will all conform with the current order soon and that will tell you the difference between the two govts and show you what is new about it all.

Abugab:
And what happened with this directive till he handed over govt?
You TANoids just hate progress.
Some of you are arguing that same order was given by NOI in 2013, how come the MDAs never obeyed the orders?
Op, governance is a continuous process we know but the past administration only gave orders that were flaunted and disregarded.
Watch out how they will all conform with the current order soon and that will tell you the difference between the two govts and show you what is new about it all.

SenseiX:
Can the fawning Sai Buhari adulators now realise their Messiah hasn't done anything groundbreaking, enough with the unnecessary propaganda already.

Abugab:
And what happened with this directive till he handed over govt?
You TANoids just hate progress.
Some of you are arguing that same order was given by NOI in 2013, how come the MDAs never obeyed the orders?
Op, governance is a continuous process we know but the past administration only gave orders that were flaunted and disregarded.
Watch out how they will all conform with the current order soon and that will tell you the difference between the two govts and show you what is new about it all.

erico2k2:
you are still on the old news about who instigated this project,what that page you copied o nly shows was the benefit not compliance,I stand to be corrected.Also, its was quoting an interview by Oshe baba who we knew where his loyalty lays,don't get me wrong i can see positives in this,my take is we should move from blaming the past and creat new ways to solve our problems cos trust me we have loads.The past govt ordered all the MDAs to close their accounts, this was not done by PMB,so if you are basing you praise of this outcome on PMB then you must agree with me that your assumptions where flawed my friend, don't you agree?

jomoh:
Yes he did we accept.
He also built the power plants
PMB is also not taking credit for refinery revival.
Trains tracks and coaches were built under him.
He also contracted militants to secure our water ways.
He bought military equipments.

He did all this with huge funds and with high level of corruption involved in it.

But guess what? Nothing still worked and that is the biggest difference between him and PMB.

Its not only about "doing" with all the money we have as a country.

It is about doing it as prudently as possible and making what you did work

The fact that he did without making it work makes him a weakling that ladies like to call maga and guys call mumu and Nigerians generally call clueless.

SLIDEwaxie:
Are we taking of all talk and to action? He ordered, but wasn't done, just like he did in 2012 too. You all shld be ashamed of ur toothless hero...

Well, not as if a toothless hero is a new concept in ur history anyways...


We've heard abt those who promise hell and brimstone but escaped in Bianca's blouse...

I'm sure Nanmdi already don sow his own female's cloth...

SLIDEwaxie:
Are we taking of all talk and to action? He ordered, but wasn't done, just like he did in 2012 too. You all shld be ashamed of ur toothless hero...

Well, not as if a toothless hero is a new concept in ur history anyways...


We've heard abt those who promise hell and brimstone but escaped in Bianca's blouse...

I'm sure Nanmdi already don sow his own female's cloth...

SLIDEwaxie:
Are we taking of all talk and to action? He ordered, but wasn't done, just like he did in 2012 too. You all shld be ashamed of ur toothless hero...

Well, not as if a toothless hero is a new concept in ur history anyways...


We've heard abt those who promise hell and brimstone but escaped in Bianca's blouse...

I'm sure Nanmdi already don sow his own female's cloth...

Positiveminds:
How dull can you be. The OP stated that the TSA wasn't Buhari's idea, and we know the old man would not have been able to come up with that. Appreciate the fact that TSA was GEJ's idea. We still have GEJ to thank for so many good ideas this current administration is benefitting from. This is not to say that GEJ's administration was the best.

Bevista:
The problem in Nigeria has never been lack of policies or laws, but actually the political will to implement them. The huge difference between PMB and GEJ is in the will to get things done.

It is just plain mischievous when people try to attribute any positive move or achievement of this administration as a Legacy of GEJ. Yet, when there is some negative news, they are quick to attribute it as a Liability/Failure of PMB - they are quick to remind him to get on with the job and leave GEJ alone.

President Buhari is miles ahead of Jonathan in terms of ability and commitment to TRANSFORM this country.

Demdem:

Show me the benefits of the previous govt if indeed their instructions were followed? I showed u benefits of this govt within two months of her existence.
Are u interested in mere words or seeing the benefits for the betterment of the people?
That the old govt gave the instructions isn't in doubt. Infact, that they gave it more than once in its life cycle is noted however that it wasn't complied with is an undisputed fact because nothing suggest especially in terms of improved income despite high oil prices that it was obeyed.
That is a huge difference between now and then.

Abugab:
What do you know?
The harmonization of all payments by MDAs into a single account dates back to OBJ and predates GEJ as it wasn't entirely his idea.
The concern of every Nigerian has been the implementation which lack of has given room to various people siphoning government money to personal use and otherwise. It is best practice to ascertain how much money you have first before going on a spending spree and this hasn't been the case.
The difference here is that with the way Buhari has started, this could be a reality and Nigeria/Nigerians will be better for it including you.
Throw away your partisanship as I do not have any issue with GEJ and stop using foul language because you don't know the other person.

erico2k2:
I have one question for you to quench this speculation of income, if you stay two months without capital expenditure ofcos you will save millions of $s, there has been no major project, nothing has been said regards power generation, we need more power plant corruption can only be halted with technology and tech needs power, wont that be the right way to go?

Abugab:
And what happened with this directive till he handed over govt?
You TANoids just hate progress.
Some of you are arguing that same order was given by NOI in 2013, how come the MDAs never obeyed the orders?
Op, governance is a continuous process we know but the past administration only gave orders that were flaunted and disregarded.
Watch out how they will all conform with the current order soon and that will tell you the difference between the two govts and show you what is new about it all.

Demdem:

U obviously didn't understand what I presented no doubt. Who is talking about expenditure? Who is talking about savings? Where did u get that crap from? Before expenditure comes income.
I am saying that within this two months, income to the federation account has increased despite the fact that oil price which is our core income source is at an all time low. This mean that the states now have more access to funds from the centre.
Whether they choose to spend it or not as alleged by u as no bearing whatsoever to the fact that those monies that are normally stolen from other income sources before getting to FAAC don't get stolen again.

aresa:
I don't think he or she knows the difference income and spending..

MadCow1:
He gave the order in January but nobody obeyed him because he was a weakass Man who had no control of his House, his wife, his cabinet and the entire country.



Wait and see how many people would be in jail if by the end of this month this order has not been obeyed.



President Booboo (as he is called by his Nwa Baby Aisha) does not negotiate with terrorists and corruption.

2sex:
sometimes I wonder if you are from the east like those egostic and sentimental tribal fools that often make me feel ashamed of my tribe when they spew ganja mixed rhetorics.

God bless You bro.

MadCow1:
Suffering and poverty does not recognise tribe or religion when it strikes.

If the Nation is well, we will all be well.. The Northern man can raise his livestock and farm and enjoy his money well, the Igbos will enjoy their commerce, etc..

The nation's problem have not been caused by tribal sentiments ts but selfish and wickedly corrupt leaders who are only concerned with self enrichment.