Wednesday, September 23, 2015

600 MDAs Comply With Treasury Single Account Directives -AGF


The Accountant General of The Federation,Ahmed Idris, said 600 Ministries ,Department and Government Agencies has so far complied with  the directives to deposit remittance into the Treasury Single Account TSA.
Speaking on the sideline of the Federal Acount Allocation Committee, FAAC meeting on Tuesday  in Abuja,he said the exact number of the MDA that has enrolled cannot be ascertain yet.

“As at today, I can tell you about 600 out of about 900 MDAs have keyed in.
“For the number of accounts I cannot categorically tell you because even the MDAs and indeed the Federal Government never knew the number of accounts.
“However the accounts are going on to the Central Bank of Nigeria (CBN) and I believe very soon a position will be made available on the number of accounts that have been swept up’’, he said.
He said that the aim of the policy was not to disrupt the operations of the MDAs but to help them and the government run better.
“The policy was never intended to impair the operations of MDAs; rather, it is intended to make them more efficient and to make cash available to government in a very centralised and consolidated manner.
“So, operations of MDAs are expected to move on as expected but MDAs must come forward in line with the directive and deadline given of Sept. 15 which has already expired.
“We are expecting them to come and enlist, enrol and identify users that will participate and key into their individual sub-accounts so that they can utilise their resources based on their budgets’’, he said
He also said that the implementation at the beginning experience some problems but will ease away with time
He added that the Office of the Accountant general of the Federation is working closely with Central Bank of Nigeria to enlist and enrol MDA so they could  access and utilise their resources

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