Buhari ordered e-collection of Govt revenue ‘to promote transparency’

Buhari ordered e-collection of Govt revenue ‘to promote transparency’

Buhari ordered e-collection of Govt revenue ‘to promote transparency’

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President Muhammadu Buhari recently directed all Nigeria government agencies to comply with rules on electronic collection (e-collection) of government revenue to promote transparency in the public sector, the Federal Government has said.
The directive followed the President’s approval of the establishment and operation of Treasury Single Account for e-Collection of Government Receipts for all Federal Ministries Departments and Agencies (MDAs) in Nigeria.
Danladi I. Kifasi, Head of the Civil Service of the Federation, said the President’s directive, which took effect from August 7, 2015 will foster transparency in collection of government revenue through the use of technology.

[blockquote right=”pull-right” cite=”Federal Government of Nigeria”]”Government has put in place effective monitoring mechanisms to ensure strict compliance. All Accounting officers, Directors of Finance and Accounts, Directors of Internal Audit, Heads of Accounts and Heads of Internal Audit Units of MDAs and other arms of Government are enjoined to give this circular the widest circulation and ensure strict compliance to avoid sanctions.” [/blockquote]

Buhari ordered e-collection of Govt revenue ‘to promote transparency’
telecoms in Nigeria
The Head of Service, who communicated this in a circular titled, Re: Introduction of Treasury Single Account (TSA) and e-Collection of Government Receipts, also highlighted the affected MDAs.
“To aid transparency and facilitate compliance with sections 80 and 162 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), all receipts due to the Federal Government or any of her agencies shall be paid into the TSA as follows: Account Name: Accountant General (Federal Sub-Treasury), Account No. 3000002095 maintained in the Central Bank of Nigeria (CBN), except otherwise expressly approved”, according to the circular.
According to Kifasi, in line with the new directive, “Government has put in place effective monitoring mechanisms to ensure strict compliance. All Accounting officers, Directors of Finance and Accounts, Directors of Internal Audit, Heads of Accounts and Heads of Internal Audit Units of MDAs and other arms of Government are enjoined to give this circular the widest circulation and ensure strict compliance to avoid sanctions.”
The Head of the Civil Service of the Federation says the MDAs will implement the e-collection as follows:
  • MDAs fully funded through the Federal Government Budget that include examples like all Ministries, Departments, Agencies and Foreign Missions, among others.
    Government says the implementation strategy is that all collection from these agencies to be paid directly into the TSA (e-Collection) while expenditure are to be drawn from CRF based on Annual Budget.
* Others include MDAs “partially funded” through the Federal Government Budget but generate additional revenues that include examples like Teaching Hospitals, Medical Centres, Federal Tertiary Institutions, among others who will. The implementation strategy prescribes that all Revenue Collection from these agencies are to be paid into the TSA except (Union Dues. Their Sub-Accounts linked to TSA are to be maintained at CBN while the system will be configured to allow access to funds based on approved budget, according to government.
* Under the implementation of the strategy, MDAs not funded through the Federal Budget but expected to pay operating surplus/ 25% of Gross Earnings to the CRF like CBN, SEC, CAC, NPA, NCC, FAAN, NCAA, NIMASA, NDIC, NSC, among others are to have all their collection paid into the TSA except (Union Dues). Their sub-Accounts are also to be linked to TSA to be maintained at CBN while the system will be configured to allow access to funds based on approved budget.

[blockquote right=”pull-right” cite=“Federal Government of Nigeria”]”Also MDAs that are funded from the Federation Account like NNPC, FIRS, NCS, MMSD, DPR are to have all Federation revenue generated by these Agencies to paid into Federation Account. Also in line with the e-collection directive, all Independent Revenue generated by these Agencies to be paid into the TSA while FGN Share of Federation Account are to be paid into CRF. Also for these category of MDAs, statutorily-approved cost of collection are to be deducted from Federation Account to meet Budgeted Expenditure.”[/blockquote]

Buhari ordered e-collection of Govt revenue ‘to promote transparency’
Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)
* Also MDAs that are funded from the Federation Account like NNPC, FIRS, NCS, MMSD, DPR are to have all Federation revenue generated by these Agencies to paid into Federation Account. Also in line with the e-collection directive, all Independent Revenue generated by these Agencies to be paid into the TSA while FGN Share of Federation Account are to be paid into CRF. Also for these category of MDAs, statutorily-approved cost of collection are to be deducted from Federation Account to meet Budgeted Expenditure.
* Also agencies funded through the Special Accounts (Levies) like NSC, RMRDC, PTDF, NITDA, among others must have their sub-Accounts linked to TSA to be maintained at CBN while system will be configured to allow access to funds based on approved budget.
* Profit oriented Public Corporations/ Business Enterprises like BOI, NEXIM, BOA, Transcorp Hilton, among others must have their dividends paid into the TSA, government says.
* For revenue Generated under Public Private Partnership like all incomes from PPP arrangement like production of International Passports, Seaport Concession Arrangement, among others, TSA Sub-Accounts to be maintained in CBN; FG portion of the collection to be paid into TSA while partners portion of the revenue to be transferred to the partner’s account, according to the circular.
* On the other hand, MDAs with Revolving Funds and Project Accounts like Drug Revolving Funds, (Teaching Hospitals, Universities) Fertilizer Revolving Fund, Roll-Back Malaria, Sure-P, among others must have Project Account (Revolving Funds) to be maintained at CBN. Also, Collection (IGR) from these Agencies are to be paid to TSA while system will be configured to allow access to funds based on approved budget. according to the directive.
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