Federal Government has generated over N2 trillion through the Treasury Single Account TSA, since the commencement of the policy.
The Minister of Information, Alhaji Lai Mohammed, made the disclosure at a Town Hall meeting held on Monday in Lagos.
The News Agency of Nigeria NAN, reports that TSA is a financial policy which kicked off on Sept. 15, 2015.
The policy is meant to consolidate all inflows from Ministries, Departments and Agencies MDAs, by way of deposit into commercial banks, traceable into a single account at the Central Bank of Nigeria CBN.
“This administration has decided to plug all financial loopholes through the Treasury Single Account TSA, into which over N2 trillion has accrued so far.
“Funds that ordinarily would have gone into private pockets are now finding their way into the public treasury, to be used for the benefit of all.
“Also, about 36,000 ghost workers have been discovered and weeded out, saving the government millions of naira,’’ the minister said.
According to him, the budget has recorded a first with the capital expenditure being increased to 30 per cent.
He said, “Beyond that, there are six social intervention areas that will directly touch the lives of millions of citizens and lift them out of poverty.
Mohammed noted that 500,000 graduates would be employed and trained as teachers.
The minister added that 370,000 non-graduates (artisans, technicians) would be trained and employed, while one million people (farmers, market women, etc) would be granted loans to set up small businesses.
He also noted that there would be Conditional Cash Transfer to the most vulnerable people; school feeding targeting 4.5 million school children; as well as Bursaries/Scholarships for STEM Science, Technology, Engineering and Mathematics) students.
He urged all Nigerians to rise and be part of the war against corruption.
“ All of us must be part of the war. It is not Buhari’s war. It is not APC’s war. It is Nigeria’s war of survival and defeat will only sentence all of us and our generations yet unborn into perpetual penury. “Our nation’s economy or whatever is left of it, poses a great challenge. “For one, we have lost a sizeable chunk of our earnings to the massive crash in the price of oil.


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  • vic

    THE CBN FOOL DOING NOTHING EXCEPT QOTING FIGURES IN THE VAIN HOPE OF GAINING SOME ECONOMIC CREDIBILITY KNOWIN FULLY WELL HE KNOWS NILL TO NOTHING ABOUT THE ECONOMY OF NIGERIA..

    GOVERNOR EMEFIELE IS JUST THE HEAD OF FOREX FRAUD DPARTMENT OF THE CENTRAL BANK OF NIGERIA WITH COMMERCIAL BANKS IN NIGERIA AS HIS FRAUDULENT FOREX AGENTS WHO BUY FOREX FROM THE GOVERNMENT OFFICIAL WINDOW AT 197 NAIRA TO A DOLLAR AND SELL THE SAME NEXT DOOR AT NAIRA 320 TO A DOLLAR WITHOUT DOING ANYTHING AND MAKING A NEAT GAIN OF 64%. WHO THEN CARES FOR THE IMPORTATION OF RAW MATERILS WHEN THEY CAN MAKE A GAIN OF MORE THAN 60% WITHING MOVING A DRY HAY STRAW..

    CBN GOVERNOR EMEFIELE IS THE FOREX HOUSE BOY OF DEADWOOD BUHARI TO DELIVER HIM SUITCASES OF DOLLARS RUNNING INTO BILLIONS JUST AS HE DID FOR HIS EX MASTER, CLUELESS, JONATHAN AND SQUANDERED BILLIONS OF CBN DOLLARS.

    CBN GOVERNOR, MR GODWIN EMEFIELE IS A TOTAL FRAUD AND A HYPOCRITE IMPOSTER WHOSE BOOTING OUT IS LONG OVERDUE.

  • vic

    MR LIE MOHAMMED FROM THE MINISTRY OF LIES, PROPAGANDA AND MIS-INFORMATION AGAIN BOASTING ABOUT SOMETHING WHICH HAS MADE NO IMPACT WHATEVER SO FAR ON THE POOR MASSES OF NIGERIA.

    MR LIE MOHAMMED IS STILL IN THE 2015 ELECTION CAMPAIGN. HE WILL EVENTUALLY GET A KICK IN HIS TEETH.