TSA: Govt saves N4b bank charges monthly

The Treasury Single Account (TSA) policy has enabled the Federal Government to save N4billion monthly from charges that banks collected on its numerous accounts, The Nation learnt at the weekend.

Besides, more than N7 trillion has been remitted by banks to the government’s TSA account in compliance with the policy.

The figure, as at March, showed that the TSA had been able to consolidate all inflows from government agencies using a single account-Consolidated Revenue Account (CRA), at the Central Bank of Nigeria (CBN).

The Nation, July 31, 2017

 

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