FG Considering Options Under TSA For Foreign Missions
BARBARA BAKO, Abuja.
The Federal Government on Monday is considering another option of capturing all accruals from foreign missions into a single account, Zainab Ahmed, Minister of Finance has said. Ahmed speaking in Abuja while receiving a delegation from the Gambia that came to understudy Nigeria’s Treasury Single Account (TSA), lamented that one of the challenges on the full implementation of the TSA was how to bring in revenue generated by foreign missions usually in different currencies into the account.
The Finance Minister said in order to address this challenge, the government is looking at a different option to interface with TSA for foreign missions. She told the Gambian delegation that with the introduction of TSA, balances in the account are regularly reconciled. She also urged the Gambians to take advantage of their two weeks study stay in Nigeria to visit some states in the country that have implemented a different variant of TSA from the Federal Government.
Also speaking at the meeting, the Accountant General of the Federation (AGF) who was represented by the Director, Funds of the AGF Mr. Mohammed Usman said the Gambians have a lot to learn from Nigeria’s public finance management initiatives The Permanent Secretary in the ministry of finance and national planning of the Gambia, Madam Ada Gaye said they were in the country to learn from how Nigeria has managed its TSA as part of the public finance reforms taking place in the Gambia especially the monitoring of funds
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