Home News Fayose Says No to TSA in Ekiti

Fayose Says No to TSA in Ekiti


The Ekiti State governor, Mr. Ayodele Fayose, has told the Federal Government to per­ish the thought of imposing the Treasury Single Account (TSA) on states, pointing out categorically that the Federal Government was not in the po­sition to counsel or force any state to accept policies that are not working for those who in­troduced them.

Governor Fayose said in a press statement issued on Fri­day, by his Special Assistant on Public Communications and New Media, Lere Olayinka that “the Federal Government should rather face the dwin­dling economy of the country instead of going about grand­standing on a TSA policy that was already tainted with fraud. Minister of Budget and Na­tional Planning, Senator Udo­ma Udo Udoma, had called on states to accept the TSA.

Reacting, Governor Fayose likened the Federal Govern­ment to a blind man trying to lead people who can see clear­ly, saying; “The same minister whose office could not prepare a simple budget should not as­sault the sensibilities of Nige­rians by telling states to accept a TSA policy that is character­ised with fraud.”

He said up till now, the Fed­eral Government was yet to explain the alleged N25 billion naira scam allegedly perpe­trated in the name of the TSA, adding that “the TSA policy was aimed at enriching some individuals for doing virtually nothing and that can be seen in the discovery of N25 billion that was said to have accrued to just a single company in one month!”

The governor, who main­tained that President Muhammadu Buhari lacked the required mental capacity to rescue the country from the present economic problems, added that it was an insult for a federal government that ap­peared to be clueless to be preaching its unworkable poli­cies to other tiers of govern­ment.

“The rate at which dollar is rising, we will soon begin to talk about one US Dollar be­ing equivalent to N500. As at today, it is already more than N400 to $1.”


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