Ekiti state governor, Ayodele Fayose, on Friday, said that the Treasury Single Account (TSA) cannot be imposed on Ekiti state, or any other Nigerian state, by the Federal Government.
Fayose, who noted that TSA was not foolproof, also advised the federal government to direct its attention to the failing economy instead of trying to make states accept policies on the TSA.
Gov. Fayose said this in a press statement issued by his Special Assistant on Public Communications and New Media, Lere Olayinka.
It would be recalled that Minister of Budget and National Planning, Senator Udoma Udo Udoma, had earlier called on States to accept the TSA.
The statement reads in part: “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.”
“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!”
Furthermore, the governor stated that President Muhammadu Buhari lacked the required mental capacity to rescue the country from the present economic problems, while adding 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.”