The account status of the Treasury Single Account has been revealed by a constituted authority to the press.
Accountant-General of the Federation, Ahmed Idris
The Accountant-General of the Federation, Ahmed Idris, on Thursday stated that the Nigerian government has collected more than 2.7 trillion naira ($13.57 billion) in its Treasury Single Account (TSA), Reuters reports.
Recently, Idris said that the Federal Inland Revenue Service (FIRS) was also working towards ensuring that all revenue accruable to the government was recovered especially in the current era of diversification from crude oil. He added that FG is also working to weed out ghost workers on its payroll.
“We are now going ahead to use Bank Verification Number (BVN) recently introduced by the Central Bank of Nigeria (CBN) to clarify and to ascertain names of those benefitting salary from the Federal Government," he said.
Last year, President Muhammadu Buhari ordered the merger of state accounts into one account at the central bank to reduce corruption and a practice where the government borrowed back its own funds from lenders at an interest.