>
By Emmanuel Adeleke
President Bola Tinubu has exempted the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA) policy of the Federal Government, paving the way for the Nyesom Wike-led FCTA to solely utilise the territory’s internally generated revenue (IGR) for the development of the nation’s capital city.
Minister of FCT, Nyesom Wike, who disclosed this at a news conference in Abuja on Friday, also revealed that the president had approved the creation of the FCT Civil Service Commission for the territory.
Wike said the creation of the commission would allow the progression of staff of the FCT administration.
Recall that former President Muhammadu Buhari had introduced the TSA to address irregularities, ensure accountability, curb the incessant number of accounts and enable the tracking of all government revenues.
“When we came into government, we found out that some institutions had hundreds of accounts. How can the Accountant General trace them?
“So, we introduced the Treasury Single Account so that all revenues will be followed and directed to it. This is a very positive way of making sure that revenues can be traced to Treasury Single Account and therefore be accounted for,” Buhari had said