Lagos State Governor, Akinwunmi Ambode has officially approved the operation of a treasury single account in Lagos State, The Nation reports. The account will be in operation from September 1st, 2015.
The account’s operation will help to improve the state’s revenue generation while boosting transparency and accountability.
The action is in line with the All Progressives Congress’ plans under President Buhari to accrue all government revenue to one consolidated account.
You might remember that earlier this month, President Muhammadu Buhari directed Federal Government Ministries, Departments and Agencies (MDAs) to open and start paying into a Treasury Single Account (TSA) for all government revenues, incomes and other receipts, according to Vanguard Newspaper. See more of this story
here.
Source: The Nation.
