By Emma Ujah, Abuja Bureau Chief

ABUJA—The Accountant -General of the Federation, AGF, Alhaji Ahmed Idris, has said that banks do not have to panic over implementation of the Treasury Single Account, TSA, policy of the Federal Government.

He spoke in a brief interview at a reception by the Ahmadu Bello University Faculty of Administration ’84 set, in his honour in Abuja.

There have been concerns among the banks that the policy would lead to loss of business and jobs in the sector. 

However, Alhaji Idris said that rather than negatively affecting the banking sector, TSA would allow the banks to focus on core banking activities and even generate profit in the interests of the economy. 

His words: “I do not think this policy is expected to generate any panic or even loss of job. To the contrary, it will make the banks to focus more on core banking business and make profits.”

On guidelines
On the guidelines of the policy, he said: “We are on course. It is a policy of government and I do not think there is any institution that does not know what to do.

The modalities are very clear. The guidelines are being developed which is being reviewed.

“It will be made public very soon. We want it out. We want people to know. It is coming very soon.” 

The AGF said he was pleased to be honoured by his classmates and pledged to be their worthy ambassador in President Muhammadu Buhari’s government. 

In an address at the event, Alhaji Idris Saidu, one of the organizers, said that the ’84 graduating set would support the AGF to enable him achieve his mandate, especially at a time that the Federal Government had set out to address the corruption menace in the country.

He charged the AGF to work hard towards bringing about the change that the nations very much desires, especially in the public service.

He said: “It is our prayer that your tenure in office will bring about the real change that we all have been clamouring for in Nigeria.

“Your mates are willing to offer services in whichever capacity to ensure efficient and effective running of the nation’s treasury.”