Business Hilights

Tracking Nigeria's Headline Business News Online

Zainab-Ahmed
Industry

Nigeria’ll drill Gambia on how TSA works—AGF, Kudu Usman

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As more African governments continue to express their desire to learn from the Federal Government on how to drive and run Treasury Single Account (TSA), the acting Accountant-General of the Federation (AGF), Mr. Mohammed Kudu Usman has promised the support of his Office to the visiting Gambian Team on the understudy of how TSA works.
Explaining more while receiving the delegation who were in Nigeria to understudy the workings of the TSA as it operates in Nigeria so that they can replicate same in the Republic of Gambia, Usman assured that “both the Accountant-General and the whole of the Treasury House are prepared to share experience with the Team on TSA as well as tap from the Gambians’ success story in GIFMIS”.
He relived how Gambia had hosted delegations from Nigeria to the Gambia on study tour of GIFMIS about 15 years ago and further itemized the activities lined up for the team which includes, lectures by subject matter experts, interactive sessions, meeting with key stakeholders. As part of the learning process, the Gambian team will be in Lagos today where they are scheduled to meet some of Nigeria’s key players in the e-payments and FINTECH space whom he says are vital to an endeavour like TSA.
Business Hilights gathered that the team had earlier paid a courtesy call on the Minister for Finance, Mrs. Zainab Shamsuna Ahmed in her office where she advised that relevant States that have implemented TSA successfully in Nigeria should either be visited or invited over to Abuja to avail the Gambian TSA team their experiences so that they would be properly equipped to successfully implement TSA in the Gambia.
In his remarks, the Director TSA in the office of the Accountant-General of the Federation, Mr. Sylva Okolieaboh, enjoined the visiting team to pay attention to every little item slated for discussion.
He gave his word to deliver on the promise of the Honorable Minister to supply all their needs in terms of adequate knowledge of TSA so that the dream of a standard TSA in Gambia can come to reality.
The Gambian Team was led by the Permanent Secretary Mrs. Ada Gaye, and also on the team is the Accountant-General, Ministry of Finance and Economic Affairs, Republic of Gambia, Mr. Momodou Lamin Bah.
Both of them spoke glowingly of their expectations of learning a whole lot from Nigeria to enable them break the bottlenecks that might likely want to impede their progress in delivery of TSA in the Gambia.
The Federal Government recently said that TSA has saved fortunes for the ailing economy and even encouraged state governments to adopt the system as part of driving financial discipline.

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