Home General News How TSA, BVN, save Nigeria N24.7b monthly

How TSA, BVN, save Nigeria N24.7b monthly

The President of Nigeria Muhammadu Buhari yesterday said about N24.7 billion was being saved monthly as an outcome of the execution of Treasury Single Accounts (TSA) scheme.

And also, the Integrated Payroll and Personnel Information System (IPPIS) and the Bank Verification Number (BVN), among other means.

President Buhari, who spoke while stating open the 2018 edition of the Nigerian Conference at the International Conference Centre, Abuja, said lately about N1.6 billion which was recovered from one single account through the TSA.

“These policy initiatives strengthen this administration’s fight against corruption by ensuring transparency and responsibility in government business dealings,”

President Buhari said on the occasion which was attended by the Ministers of FCT, Justice, Sports, Communications, Works, Housing and Power among other top government officials.

He described the theme of the conference as: Promoting Digital Economy in an Era of Disruptive Technologies Through Effective Regulations.

The conference was organised by the National Information Technology Development Agency (NITDA), headed by Dr Isa Ali Ibrahim Pantami.

Buhari commended NITDA for chitchat the road-map for economic divergence from oil and gas to a knowledge-based economy through information and communication technology (ICT).

President Buhari said NITDA is expected to work with all important government agencies to ensure full obedience with the directive which are expected to support the regulatory roles of NITDA and ensure compliance.

He also stated that absentees of IT Clearance among the public institutions are to be reported to government.

He further said: “We are serious about fighting corruption. We must not fail in our pursuit to eradicate corruption in government businesses and in the wider society.

“Components of programmes such as the

  • N-Power,
  • Government Enterprise and Empowerment Programme (GEEP),
  • the Home-Grown School Feeding Programme (HGSFP) and
  • the Conditional Cash Transfer (CCT) all influence

This programme has so far benefited over 9 million Nigerians.

“Furthermore, NITDA, in partnership with the National Social Investment Office (NSIO), is organizing Federal Government’s enterprise of launching eight Innovation Centers, one in each of the six geo-political zones and one each in Lagos and Abuja.

“The purpose of establishing these centers is to help digital capacity building for immediate employment, entrepreneurial skills development, job and wealth creation.

All these are meant to promote the digital economy in an era of disorderly technology through effective regulations.”


Arierhi Odjirighohttps://360aproko.com/
Music lover, writing gives me joy and am a proud one. The secret of getting ahead is getting started

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