FG Saves N24.7bn Monthly From TSA

The All Progressives Congress (APC)- led federal government has received high performance ratings in the management of the nation’s economy, especially for saving N24.7 billion monthly with the adoption of the Treasury Single Account (TSA) policy.

A professor of economics, Nassarawa state University, Uche Uwaleke, who gave an in-depth assessment of the achievements of President Muhammadu Buhari within the last two and half years in office, also revealed that about N108 billion has been saved from the removal of maintenance fees payable to banks before TSA.

Speaking yesterday in Abuja at the week-long leadership training programme organised under the auspices of the National Committee of Buhari Support Groups (NCBSG) for its coordinators nationwide, Prof Uwaleke said the sudden and unexpected drop in crude oil price from a peak of US$114.6-O/bbl in June 2014 to under US$30/bbl by February 2016 created financial crises for the government. According to him, the Buhari led administration’s spending of over N1.2 trillion on capital/ infrastructure projects nationwide last year was a milestone in the nation’s history.

Earlier, the Chairman of the Board of Trustees of the group, Senator Abu Ibrahim, who was represented by Zakari Aliu, said the aim of the training was to help build effective leadership capacity among the members of the support group ahead of the next general elections.

He added that the group which received such training will help in spreading the message of the successes recorded by President Muhammafu Buhari’s administration. One of discussants, Dr. Ben Obi of the Department of Economics University of Abuja, also gave his assessment of Buhari led government said the APC government had been able to deliver successfully onsome of the promises made in 2015.