The Accountant General of The Federation of Gambia,Momodu Lamin Ibah said Nigeria has showcased its success at implementing Treasury Single Account, and charged other countries to emulate the act.
He made the disclosure while the delegation from Gambia paid a courtesy visit to the AGF office in Nigeria.
He said based on the recommendation from the International Monetary Fund, Gambia decided to understudy Nigeria in order to make positive change in the economy of Gambia
Momodu explained that the quest to make a big impact on the Treasury Single Account of Gambia brought about the journey to Nigeria.
In the same vein, he said the country want to leverage on the ICT opportunities in order to transform the economy of Gambia.
“The use of technology is essential in the handling of every sector of the economy . We want to explore its Importance in the area of revenue allocation,and the administration of fund in the Central Bank of Nigeria.”
The Coordinator of TSA in the Office of the Accountant-General of the Federation (AGF), Sylva Okolieaboh, said the turn over that is accrued from the TSA is over N30 trillion.
Noting that it is a great development to the country.
“We are very happy that as at today the TSA has attracted international attraction.
When we started the full TSA Implementation, around March 2015, many people do not believe in us, but now the story have changed. We are excited that the international community is appreciating our effort so far.”
“We are expecting Ethiopia in the next four weeks and then another country, maybe in the next six weeks. We will continue to give in our best with all this latest development”.
He further noted that there are wrong expectations from people about the TSA.
“TSA is meant to consolidate bank accounts to give you better cash management abilities. It will help you to track what is going on. There is no transactions that go on in the MDAs that we don’t know about”.
The High Commissioner to Gambia, Amadou Sheikh Omar Taal emphasized on the need to leverage on the proposed use of single currency by the ECOWAS states.
“At the level of ECOWAS states, we are thinking of a single currency in terms of trade.
This should be able to promote single movement of people and service. It is essential we start to build on our existing relationship”.
He further hinted that the Gambian Government and Nigeria has close relationship over the past years.
“The two countries had maintained cordial relationship in the areas of health, judiciary, military ,education and agriculture. We hope to learn more from this fruitful synergy”, he added.