Tinubu Redesigns Buhari's TSA Wants 100% Remittances From MDAs
Pomatimes reports that according to Peoples Gazette This directive, issued in a December 28 circular by the Finance Ministry and publicised on Tuesday, effectively closes the single treasury account operated under the erstwhile Muhammadu Buhari administration. It is the latest of the federal cabinet’s move to “improve revenue generation, fiscal discipline, accountability and transparency” in resource management and waste prevention under Bola Tinubu’s nascent presidency. “All Ministries, Departments and Agencies (MDAS) that are fully funded through the annual federal government budget (receiving personnel, overhead and capital allocation) and on the schedule of Fiscal Responsibility Act, 2007 and any addition by the Federal Ministry of Finance should remit one hundred per cent of their Internally Generated Revenue (IGR) to the Sub-Recurrent Account, which is a Sub-component of the Consolidated Revenue Fund (CRF),” the directive read. “Agencies and departments th...