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We have over N2.7trn in Treasury Single Account – OAGF

written by Samuel Etuk April 21, 2016
We have over N2.7trn in Treasury Single Account – OAGF

Federal government workers may soon begin to receive their monthly salaries early due to a directive from President Muhammadu Buhari to the Office of the Accountant-General of the Federation.Alhaji Ahmed Idris

A statement released by the deputy director of the OAGF, Kene. N. Offie, on Thursday, indicated that the federal government is fashioning out ways to ensure that workers are promptly paid.

In the statement, the Accountant-General of the Federation, Ahmed Idris, was quoted to have said “there is a standing instruction from Mr. President for workers to be paid on or before 24 or 25 of every month,” but the implementation of the directive has been disturbed by the limited resources available to the government.

The limited resources according to Idris can only be determined after the monthly FAAC meeting.

He also revealed that the government has made moves to make a provision that will include salary payment even before the FAAC. The provision would be tested this April.

Idris was further quoted to have promised that his “office is working assiduously to ensure that it complies with the directive of President Buhari to pay salaries on or before the 24th or 25th of every month, assuring that the necessary approval would be sought and gotten to ensure that this becomes a reality.”

Meanwhile, the AGF disclosed that the Treasury Single Account, has realised a little above N2.7 trillion naira, monies which he said belongs to Ministries, Department and Agencies.

He said contrary to reports that the TSA funds are being shared in some quarters, the money is solely for the operations of the Federal Government Ministries, Department and Agencies and no other purpose.

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Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

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