President Muhammadu Buhari says the Treasury Single Account policy has started yielding results.
He said this while reacting to questions at a meeting with members of the Nigerian Community in Saudi Arabia at the Nigerian House in Riyadh on Tuesday evening.
He announced that his administration had introduced a number of policies and programmes aimed at saving the nation’s economy from collapse.
Buhari cited the TSA and the Zero-based Budget as some of the meaningful financial policies that was checking fraud in the system, saying it had started yielding fruitful results.
According to him, “the nation has so far realised over N2.6 trillion” from the newly introduced TSA.
He, therefore, expressed optimism that with the introduction of the single account, the 2016 budget implementation might not record any form of deficit at the end of the financial year.