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TSA: FG Will No Longer Bear Cost Of Service Charge For Payments — AGF

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Ahmed Idris, Accountant General of The Federation
Ahmed Idris, Accountant General of The Federation

The Federal Government will henceforth, no longer bear the service charge cost on all payments to its Ministries, Departments and Agencies MDAs as such costs will be borne by the payer.

The Accountant-General of the Federation, Ahmed Idris, said this in a statement issued in Abuja.

Idris said that the Federal Government had spent 16 billion naira on Treasury Single Account TSA transaction cost in two years.

He said that right from the inception of TSA, the Federal Government had been bearing the cost of transmission of funds and would not want to do so anymore.

Idris said a lot of sensitisation had been done to give enough room to understand the new tariff regime and for compliance, adding that the charges were minimal and negotiable.

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