Governor Ayo Fayose of Ekiti state has announced that his state will not be adopting the Treasury Single Account (TSA) .
Governor Fayose said in a press statement issued on Friday, by his Special Assistant on Public Communications and New Media, Lere Olayinka that “the Federal Government should rather face the dwindling economy of the country instead of going about grandstanding on a TSA policy that was already tainted with fraud; VANGUARD reports.
”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!”, Fayose said.
“Workers are being sacked on a daily basis, while prices of goods are rising astronomically and Foreign Reserve is declining on daily basis. Yet, all that this All Progressives Congress (APC) and President Buhari’s Federal Government can be preaching is for States to accept TSA as if that will stem the tide of the rising hunger and sufferings that is ravaging Nigeria.
“Methinks these people should just face the reality of their failing government and seek for help from those who know better than them instead of carrying with this attitude of ‘we know it all’ so that the economy of this country will not collapse totally”.