N2.7tn TSA funds not for sharing, says AGF

N2.7tn TSA funds not for sharing, says AGF

N2.7tn TSA funds not for sharing, says AGF

The Accountant-General of the Federation, Alhaji Ahmed Idris, has said that the over N2.7tn in the Treasury Single Account will not be shared by the three tiers of government.

Idris said in a statement issued in Abuja on Thursday that the funds belonged to agencies of the government for their operations and not for sharing as was being insinuated in some quarters.

The statement read in part, "The Accountant-General of the Federation has put the amount so far collected in the Treasury Single Account platform to be slightly above N2.7tn.

He further stated that the money belonged to the Federal Government's Ministries, Department and Agencies, and meant for their operations and not for sharing or for any other purposes as being reported in some media.

"Idris said that the TSA had helped the government to have a firm and full control of its resources, blocking leakages, helping it to reduce the cost of borrowing and to monitor spending in the Ministries, Departments and Agencies of government."

The AGF called on all organisations that had issues with the operations of the TSA to come forward with their problems, and assured them that his office was committed to resolving whatever challenges they might have in line with best practices.

On delay in paying workers' salaries, Idris gave an assurance that the Federal Government was working out modalities to ensure that the Federal Government workers were paid early, in line with the directive of President Muhammadu Buhari.

"There is a standing instruction from Mr. President for workers to be paid on or before 24th or 25th of every month," he said.

While stating that the compliance might be hampered by the limited resources available to the government, which could only be determined after the monthly Federation Account Allocation Committee meeting, he said the government had taken steps to make a provision that would accommodate salary payment even before the FAAC meeting.

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