WombRaiders:


GEJ's policy for TSA was geared to revenue collection only !

The new TSA being rolled out mandates that all MDAs budgetary allocations as wells revenue be domicilled in one single account!

This is where the major difference lies!

anigbajumo:



After u defined Newton third law of motion successfully,u dnt need to add impurities.

"sometimes adverse reaction follows"



Lolz

mrmetoo1:


GEJ's policy was never implemented so don't come here telling us what it was geared towards. Presently some agencies are still able to keep a percentage in other accounts that I'm sure are properly monitored.

Idrico:
The money will come back to the system(banks)when the salaries of civil servants,govt suppliers and contractors and states allocation are paid.Everything will come back in the long run.TSA is just for collection of govt revenues.

Flets:
There are many economic policies in the world today that can be adopted but its stupidity to think it would work in all type of economies.

Flets:
There are many economic policies in the world today that can be adopted but its stupidity to think it would work in all type of economies.

Is maintaining TSA a good initiative - Yes.... just like many other good initiatives
What is the main aim of TSA - to ensure no leakages of govt revenue across various ministries and MDAs
Is it the only way to check and curb the leakages – NO
What is the economic impact of implementing TSA – It will significantly impact the middle class, bank workers and SMEs (Small and Medium term enterprises)

What could have been done? – FG could have first documented the unremitted FG funds with these banks (These funds were not missing… they are known and with the commercial banks). Then begin a GRADUAL withdrawal of the funds from these banks in the space of a year or two to allow them sufficient time to react and retain their staff.

This was exactly the reason why NOI under GEJ took a gradual implementation of the TSA policy in order not to collapse the middle class as is currently being witnessed.

Buhari needed a finance minister first before anything… the harm is done already. Nigerians will feel the pain.

HzRF:

Olodo
Banks don't steal NA d agency dept steal
The money lodge in the banks is managed by pple nt by stick

Nelkoko:
Presidential body odour

WombRaiders:


Zombie, the TSA initiative was introduced by GEJ's administration and it was specifically designed for collating revenue generated by MDAs.

Facts!

Your ab0ki govt wants all Govt revenue under one account so that all contracts that they will award will be properly scrutinized for kickbacks.

WombRaiders:
[size=18pt]3 to 4 mths down the line, the federal govt through the ministry of finance will partly rescind this policy by allowing a select few banks to hold and collect MDArevenue.

You can bet that Unity Bank (formerly bank of the north ) and Jaiz bank will make the cut!

This is just the Begining of northern consolidation of powere in all spheres![/size]

Jwhizzy:
This is daft news reporting. On one hand article says 'breaking, banks to sack 11,000'. On the other hand, the banks zenith and UBA deny the stories. Yet it's 'breaking', with no credible source. Shioor!

naijathings:
for every action.. there is an equal and opposite reaction. sometimes adverse reactions follow.

anigbajumo:



Where is dat comma?


Is dat da first time u ar seeing lolz instead of lol?


"For every action"

Punctuation marks,Zero....

naijathings:


hahaha hahahaha make una come see this guy oh.
you are the one who started this correction thingy.
"" is used when you are trying to quote someone but in this case, I said it by myself and not really trying to credit the words to anyone if not it would have beenput this way: Issac Newton said "for every action, there is an equal and opposite reaction"
bros.. you are dealing with someone who scored 88 in english in JAMB examinations of year 2000. but you know say sometimes we just dey write anyhow on freestyle

WombRaiders:
[size=18pt]3 to 4 mths down the line, the federal govt through the ministry of finance will partly rescind this policy by allowing a select few banks to hold and collect MDArevenue.

You can bet that Unity Bank (formerly bank of the north ) and Jaiz bank will make the cut!

This is just the Begining of northern consolidation of powere in all spheres![/size]

JaaizTech:
I'll keep my post till a year later, when the full effect of TSA would have materialised. Hopefully it would be positive.

polz:
http://PayRefe.com/?ref=52917 ...click on this link and make your money,u will be surprised it works

Flets:
There are many economic policies in the world today that can be adopted but its stupidity to think it would work in all type of economies.

Is maintaining TSA a good initiative - Yes.... just like many other good initiatives
What is the main aim of TSA - to ensure no leakages of govt revenue across various ministries and MDAs
Is it the only way to check and curb the leakages – NO
What is the economic impact of implementing TSA – It will significantly impact the middle class, bank workers and SMEs (Small and Medium term enterprises)

What could have been done? – FG could have first documented the unremitted FG funds with these banks (These funds were not missing… they are known and with the commercial banks). Then begin a GRADUAL withdrawal of the funds from these banks in the space of a year or two to allow them sufficient time to react and retain their staff.

This was exactly the reason why NOI under GEJ took a gradual implementation of the TSA policy in order not to collapse the middle class as is currently being witnessed.

Buhari needed a finance minister first before anything… the harm is done already. Nigerians will feel the pain.