Nigeria saves N4.7bn monthly through TSA – Buhari

Written by on November 7, 2017

President Muhammadu Buhari today said his administration is saving about N4.7bn monthly through the full implementation of its policy on Treasury Single Account, that over 20,000 bank accounts belonging to the Federal Government had so far been consolidated into one.

Buhari disclosed this while declaring open the 2017 e-Nigeria Conference organised by the National Information Technology Development Agency held at the International Conference Centre, Abuja.

The President said his administration also leveraged on Information Communication Technology to introduce the Integrated Payroll and Personnel Information System and Bank Verification Number.

He said the implementation of IPPIS had helped to eliminate ghost workers on the government’s payroll and is saving the government over N20bn monthly.

 


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