Treasury Single Account: Transactions Rise to N3trn

• Treasury Single Account: Transactions Rise to N3trn

The Federal Government has said the total transactions performed through the Treasury Single Account (TSA) to date is now N30 trillion.

The Accountant-General of the Federation (AGF) Sylva Okoliaboh disclosed this in Abuja while playing host to a Gambian delegation who were in the country to study 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.”