FG Determined to Expand TSA Coverage to More Agencies, Says Kemi Adeosun

Kemi Adeosun

The FG has in plans to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017.The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said the Federal Government is determined to expand the coverage of the Treasury Single Account (TSA) to cover more agencies in 2017.According to a statement by the Special Adviser, Media, Mr Festus Akanbi on Tuesday in Abuja, she said this at the opening of a two-day retreat on TSA.Adeosun said that the Federal Government would expand the programme and continue to persuade statutory agencies to come under it.She said that the Federal Government was already discussing with service providers with the aim of improving the implementation and functionality of the policy because of its huge benefits.She added that the Federal Government would be reaching out to TSA service providers to allow other e-commerce and e-payment providers access the platform This, she said was very important to make the TSA as competitive as possible in terms of pricing.”One of the challenges that we have is who should bear the cost of the TSA?”Currently, it is being borne centrally but that is not sustainable but we are now working on how to stratify the various agencies.”Those who should bear their own costs and costs that should be borne by the government and this will be rolled out this year.”The minister disclosed that through the implementation of the whistleblower policy, it was revealed that some banks had not fully remitted government funds in their possession.