Nigerian President, Muhammadu Buhari says the Treasury Single Account (TSA) policy has started yielding results.
He said in reaction to questions at a meeting with members of the Nigerian Community in Saudi Arabia at the Nigerian House in Riyadh on Tuesday evening.
He announced that his administration had introduced a number of policies and programmes aimed at saving the nation’s economy from breakdown.
Buhari cited the TSA and the Zero-based Budget as some of the significant financial policies that was checking fraudulent activities in the system, stating it had started yielding fruitful results.
According to the President; “the nation has so far realized over N2.6 trillion” from the newly introduced TSA.
The President therefore expressed optimism that with the introduction of the single account, the 2016 budget implementation might not record any form of insufficiency at the end of the financial year.