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FG Generate N86 Billion On Internally Generated Revenue In 10 Months

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has revealed that an aggregate collection of N7 trillion was made from 22 million transactions between January and November, 2021 through the Treasury Single Account (TSA).

 

The Finance who made the disclosure yesterday in Abuja while inaugurating the reconstituted Treasury Single Account (TSA) implementation structures; namely: TSA Supervisory Board and Inter-Ministerial TSA Implementation Committee stated that a total of N86 billion in revenue was generated through
internally generated revenue while N19 trillion worth of payments were processed.

 

She further noted that the performance shows the enormous volume of transactions processed on the TSA platform and the need to leverage on the onboarding of additional Payment System Service Provider (PSSPs) to reduce the cost of collection which is currently N150 per transaction.

 

Mrs Ahmed also informed that with the committees being inaugurated, the TSA will now be open to multiple service providers to put an end to the agitations and discontent of the past.

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