Thursday, 16 February 2017

Nigerian Government To Launch E-collection Platform For Treasury Single Account Soon


The federal government has said that a mobile e-collection platform will soon be launched for ease remittance of funds into the treasury single account.


The implementation of the TSA is made possible through the remita, a technology platform that links all banks through the central bank of Nigeria (CBN) and the office of the accountant general of the federation.

The brain behind the remita platform John Obaro said the TSA is a minimal requirement for good economic planning and cash management.

According to Obaro while responding to newsmen; “the remita creates a platform for relevant agencies of government to be able to have a bold view of all the movement of funds, now the government can begin to speak of improved operational processes and utilization of the massive data that is readily available to government”.

Mr Obaro also said that all the challenges currently facing the TSA will soon be surmounted in the coming weeks when the new e-collection platform is rolled out.

Latest data from the office of the accountant general of the federation states that after 18 months full implementation of the TSA, a total of 5.2trillion naira has been remitted from MDAs.



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