FG, states share N442.60bn for Sept.
General of the Federation (AGF), Mr. Ahmed Idris, has disclosed that only 600 Ministries, Departments and Agencies (MDAs) of the Federal Government out of 900 met the September 15, 2015 deadline for compliance with the Treasury Single Account (TSA).
Speaking to newsmen after the Federation Account Allocation Committee (FAAC) meeting in Abuja, the AGF said the compliance had initial problems because some MDAs resisted the policy.
“We experienced some teething problems at inception, partly because of apprehension and some resistance on the part of the MDAs as far as implementation was concerned. But it is easing up. The deadline of the Federal Government stands and the process of enrolment is going on. As at today, I can tell you that about 600 out of 900 have cued in and for the number of accounts, I cannot categorically tell you because even the MDAs and the Federal Government never knew the number of accounts. Very soon a position will be made known to you and the Federal Government,” he said.
He said that the TSA is in place and there is a clear-cut directive by the Federal Government and in particular by Mr. President that all MDAs without exception are to participate and enroll.
“So, talking about utilisation and operations of the MDAs, my office, the office of the AGF is working very closely to enlist and enroll MDAs so that they can utilise their resources. The policy is never intended to impair operations of MDAs and agencies, rather, it is intended to make them more efficient and make cash available to government in a centralised and consolidated manner. So, the operations of MDAs are expected to move on as expected but MDAs must come forward in line with the directive and deadline of September 15, which has already expired and we are expecting that they should come to enlist and enroll and identify users that will participate and cue into their individual self account so that they can utilise their resources based on their budget,” the AGF further said.
Giving the breakdown of statutory revenue collection, the Permanent Secretary of the Ministry of Finance, Mrs. Anastasia Daniel- Nwobia, said that a total revenue of N442.606 billion has been approved for sharing by FAAC to the three tiers of government as revenue allocation for September.
The amount was lower by N278.062 billion compared to N511.799 billion shared in previous month.
Of the amount shared, the Federal Government got the highest allocation of N168.623 billion, states N85.528 billion while local government councils got N65.938 billion. The oil-producing states got N27.870 billion being their share of 13 per cent derivation.
Nwaobia also put the gross revenue for the month under consideration at N369.140 billion, an amount, she said, was lower than N433.584 billion received in previous month by N64.444 billion.
She attributed the drastic cut in revenue to the drop in crude oil export, shut down and shut-in of production for maintenance at different times and terminals during the month of August.
Source:The sun
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