FG saves N4.7bn monthly through TSA, says Buhari

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Treasury Single Account
President Buhari

President Muhammadu Buhari on Tuesday said his administration through the full implementation of its policy on the Treasury Single Account, saves about N4.7bn monthly. This he disclosed in his opening speech at the 2017 e-Nigeria Conference held at the International Conference Centre in Abuja, organized by the National Information Technology Development Agency.

In his words, Over 20,000 bank accounts belonging to the Federal Government have so far been consolidated into one, to facilitate transparency, accountability and ease of transactions and payments between Government and businesses as well as Government and citizens”.
The President said his administration also leveraged on Information Communication Technology to introduce the Integrated Payroll and Personnel Information System and Bank Verification Number, in which the implementation has helped to eliminate ‘ghost’ workers on the government’s payroll and saves over N20bn monthly.

Buhari said his presence at the opening of the conference was a demonstration of his administration’s commitment and strong belief in using ICT as a major driver of developmental governance and economic reform plans aimed at bringing about the true change he promised Nigerians.

He described ICT as strategic in driving productivity and efficiency in all sectors of the economy.

According to the President, “The sector has attracted notable investments and makeup over 10 per cent of the nation’s Gross Domestic Product and the government is making conscious efforts to see that this involvement in GDP expansion is sustain and improved”.

The President also assures of the government’s patronage and preference in procurement of locally manufactured ICT products and services. Such measures, he said, is part of the deliberate efforts at encouraging local manufacture of ICT infrastructure, creating job opportunities, providing investment opportunities as well as strengthening the nation’s currency.

He noted that ICT played a pivotal role in the efficient running of government agencies such as the Corporate Affairs Commission, Federal Inland Revenue Service and the Nigeria Immigration Service, which have improved public service delivery in a transparent manner.

So far, he said 31 reforms had been completed by the council and these reforms are already making noticeable impact on the government’s economic diversification efforts.

Buhari commended NITDA’s efforts at enforcing the Federal Government’s directive on ensuring that all ICT projects in the country were cleared by it before implementation. “These efforts will ensure that government’s ICT procurement are transparent, they are aligned with government’s IT shared vision and policy, save costs through promotion of shared services, avoid duplication, ensure compatibility of IT systems thereby improving efficiency across government and enforce the patronage of indigenous companies,” he said.

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