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No appetite to implement TSA under Jonathan -Osibanjo

Vice-President Yemi Osinbajo says
the administration of ex-president Goodluck Jonathan had no appetite to
implement the treasury single account (TSA) policy.

He said this on Monday while
speaking at the opening ceremony of the open government partnership [OGP] week
held in Abuja.
The TSA is a federal
government-regulated account where all government revenues and incomes are
domiciled. Jonathan introduced the policy in 2015 “to aid transparency”.
However, Osinbajo said the TSA
policy existed as a mere idea under the past administration.
“We inherited a treasury single
account (TSA) system that existed mainly as an idea, without the appetite for
serious implementation,” he said.
“Since the presidential order by
President Buhari in August 2015, we have made remarkable progress in expanding
the reach of the TSA, so that today, we are almost at 100 percent compliance.”
Osinbajo said corruption has
“threatened the very fundament of our existence”.
“It was the reason why, in spite
of record oil revenues between 2011 and 2013/2014, we saw no savings, and very
little investment in infrastructure and jobs, and, in spite of the billions of
dollars reportedly invested in security, the Boko Haram insurgency and other
cases of insecurity did not abate,” he said.
“Our government has adopted a
two-step approach to dealing with this scourge of systemic corruption. The
first is to stop grand corruption and the accompanying impunity.
“The second step and the more
enduring one, is what this week is about, creating a self- sustaining system
that assures transparency and accountability.”
The vice-president said the
current administration has made “remarkable progress” in pushing the frontiers
of transparency and accountability in the federal government.

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