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LequteMan
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Nigeria- The Head of Service, Mr. Danladi Kisali, has announced that the division of Nigeria's ministries, departments and agencies into 5 main categories for payment of receipts into the Treasury Single Account, TSA.
This follows President Muhammadu Buhari's directive for all federal revenues to be paid into a single account.
The TSA was implemented yesterday according to Danladi.
Read: FG Unveils Account Details of Nigeria's Treasury Single Account (TSA)
Kisali said MDAs are categorised as follows: implementation strategy of the TSA affects
1. All MDAs fully funded through the federal government budget – all ministries, departments, agencies and foreign missions, among others; and all collections from these agencies to be paid directly into the TSA (e-Collection), and expenditure to be drawn from Consolidated Revenue Fund (CRF) based on the annual budget.
2. MDAs partially funded through the federal government budget but which generate additional revenue such as the teaching hospitals, medical centres, federal tertiary institutions, and others, will have all revenue collection to be paid into the TSA (except union dues), sub-accounts linked to TSA to be maintained at CBN, and the system will be configured to allow access to funds based on budgetary approvals.
3. MDAs not funded through the federal budget but are expected to pay an operating surplus or 25 per cent of gross earnings to the CRF such as CBN, SEC, CAC, NPA, NCC, FAAN, NCAA, NIMASA, NDIC, and NSC, among others, would have all collections paid into the TSA (except union dues), sub-accounts linked to TSA to be maintained at CBN, and the system would be configured to allow access to funds based on the approved budget.
4. MDAs that are funded from the Federation Account, NNPC, FIRS, NCS, MMSD, DPR and others will have all federation revenue generated paid into Federation Account, all independent revenue generated by these agencies to be paid into the TSA, while the Federal Government of Nigeria's share of the Federation Account shall be paid into CRF, and statutorily approved cost of collection will be deducted from Federation Account to meet budgeted expenditure.
5. Agencies funded through the special accounts (levies) like NSC, RMRDC, PTDF and NITDA shall pay their revenue to the sub-accounts linked to TSA to be maintained at CBN, and the system will be configured to allow access to funds based on approved budget.
6. For profit-oriented public corporations or business enterprises such as BOI, NEXIM, BOA, Transcorp Hilton, etc, dividends from these agencies are to be paid into the TSA, while the revenue generated under public-private partnerships such as the production of international passports, seaport concessions and others shall be paid into the TSA sub-accounts to be maintained in CBN.
Under the PPP arrangement, the federal government’s portion of the collection is to be paid into TSA, while the partner’s portion of the revenue shall be transferred to the partner’s account.
7. In addition, all the MDAs with revolving funds and project accounts including the Drug Revolving Funds (teaching hospitals, universities), Fertiliser Revolving Fund, Roll-Back Malaria and Sure-P, among others for project account (revolving funds) to be maintained at CBN, collection from these agencies shall be paid to TSA, and the system will be configured to allow access to funds based on approved budget.
In this regard, Kisali stated that the federal government has put in place effective monitoring mechanisms to ensure strict compliance.
“All accounting officers, directors of finance and accounts, directors of internal audit, heads of accounts and heads of internal audit units of MDAs and other arms of government are enjoined to give this circular the widest circulation and ensure strict compliance to avoid sanctions.
Daily Independent
This follows President Muhammadu Buhari's directive for all federal revenues to be paid into a single account.
The TSA was implemented yesterday according to Danladi.
Read: FG Unveils Account Details of Nigeria's Treasury Single Account (TSA)
Kisali said MDAs are categorised as follows: implementation strategy of the TSA affects
1. All MDAs fully funded through the federal government budget – all ministries, departments, agencies and foreign missions, among others; and all collections from these agencies to be paid directly into the TSA (e-Collection), and expenditure to be drawn from Consolidated Revenue Fund (CRF) based on the annual budget.
2. MDAs partially funded through the federal government budget but which generate additional revenue such as the teaching hospitals, medical centres, federal tertiary institutions, and others, will have all revenue collection to be paid into the TSA (except union dues), sub-accounts linked to TSA to be maintained at CBN, and the system will be configured to allow access to funds based on budgetary approvals.
3. MDAs not funded through the federal budget but are expected to pay an operating surplus or 25 per cent of gross earnings to the CRF such as CBN, SEC, CAC, NPA, NCC, FAAN, NCAA, NIMASA, NDIC, and NSC, among others, would have all collections paid into the TSA (except union dues), sub-accounts linked to TSA to be maintained at CBN, and the system would be configured to allow access to funds based on the approved budget.
4. MDAs that are funded from the Federation Account, NNPC, FIRS, NCS, MMSD, DPR and others will have all federation revenue generated paid into Federation Account, all independent revenue generated by these agencies to be paid into the TSA, while the Federal Government of Nigeria's share of the Federation Account shall be paid into CRF, and statutorily approved cost of collection will be deducted from Federation Account to meet budgeted expenditure.
5. Agencies funded through the special accounts (levies) like NSC, RMRDC, PTDF and NITDA shall pay their revenue to the sub-accounts linked to TSA to be maintained at CBN, and the system will be configured to allow access to funds based on approved budget.
6. For profit-oriented public corporations or business enterprises such as BOI, NEXIM, BOA, Transcorp Hilton, etc, dividends from these agencies are to be paid into the TSA, while the revenue generated under public-private partnerships such as the production of international passports, seaport concessions and others shall be paid into the TSA sub-accounts to be maintained in CBN.
Under the PPP arrangement, the federal government’s portion of the collection is to be paid into TSA, while the partner’s portion of the revenue shall be transferred to the partner’s account.
7. In addition, all the MDAs with revolving funds and project accounts including the Drug Revolving Funds (teaching hospitals, universities), Fertiliser Revolving Fund, Roll-Back Malaria and Sure-P, among others for project account (revolving funds) to be maintained at CBN, collection from these agencies shall be paid to TSA, and the system will be configured to allow access to funds based on approved budget.
In this regard, Kisali stated that the federal government has put in place effective monitoring mechanisms to ensure strict compliance.
“All accounting officers, directors of finance and accounts, directors of internal audit, heads of accounts and heads of internal audit units of MDAs and other arms of government are enjoined to give this circular the widest circulation and ensure strict compliance to avoid sanctions.
Daily Independent
