Ekiti begins operation of TSA to block revenue leakage

As part of measures to block revenue leakage, Ekiti State government has commenced plans to operate the Treasury Single Account (TSA) system.

The State Executive Council (SEC) yesterday directed the Ministry of Finance and the Attorney General’s Office to work out modalities for the implementation in the state.

Chief Press Secretary to the Governor, Yinka Oyebode, said: “The TSA is to help block government revenue leakages, and promote transparency among others.”

He said the council also gave approval for the state to participate in the 2018 Sustainable Development Goals (SDG) Conditional Grant Scheme (CGS).
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Under it, the state government would pay N250 million counterpart funding to access N500 million.

He said the money would be used “to fund interventions in education and health sectors in four local government areas of Oye, Moba, Ijero and Ekiti South West.”

Oyebode explained that Ekiti has not benefitted from the scheme since 2014, due to the negative attitude of the immediate past administration to the scheme.

He said government is of the opinion that such interventions are necessary for development, adding that the Kayode Fayemi-led administration is committed to making lives more meaningful for the people.