President Tinubu Pulls Out FCT From TSA Operation

By Ayodele Oni

The Federal Capital Territory, (FCT) is gradually getting towards becoming autonomous as President Bola Tinubu approved its pulling out of the Treasury Single Account (TSA).

Treasury Single Account, the baby of the immediate past administration of President Mohammadu Buhari, is a system whereby all agencies and ministries owned by the federal government operates a single account for income and expenditure.

FCTA Minister, Nyesom Wike, who disclosed this in Abuja on Friday, said, this would allow  FCTA to use the territory’s Internally Generated Revenue (IGR) for the development of the nation’s capital.

Addressing a news conference  Wike also disclosed that the President has also approved the creation of the FCT Civil Service Commission to allow for staff career progression.

Civil servants in the territory have been complaining of the effects of the absence of such Commission for their career progression.