The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 MDAs.
Office of the Account General of the Federation (OAGF) made this disclosure on Thursday at Peer Review Mechanism of Ministries Departments and Agencies (MDAs) 2019 in Abuja to the Head of Civil Service of the Federation.
The OAGF while making its presentation stated that under TSA, the government has been able to save over N45 billion monthly in interest on Ways and Means that it used to pay before the full implementation of the TSA.
It was also disclosed that N50 billion revenue from funds have so far been mopped from commercial banks as a result of TSA implementation.
Other achievements recorded since TSA became fully operational include the: Elimination of cash handling costs; ability to determine consolidated Federal Government cash position; Significant improvement on Federal Government liquidity position; improved revenue collection mechanism through e-collection; Oversight on government cash and better cash management capabilities; reduction in money supply and cost of managing liquidity and 24/7 online collection and payment systems; TSA has started full implementation of foreign currency component of TSA.
The OAGF also stated that “from available information, the status of the budget implementation in 2017 was 67%.”
Peace Mass Transit Launches 50 Brand New Buses [PHOTOS]
Peace Mass Transit (PMT) Limited, the leading mini-bus transport company in the country, has readied a total of 50 brand new buses for injection into its fleet.
The buses are all products of newly established PMT Vehicle Assembly Plant, located within the Emene Industrial Layout headquarters of the company.
PMT Executive Director in charge of operations, Enete Ifeanyi Henry Clinton disclosed that the new buses would be assigned to drivers and has already being deployed to all the PMT depots across the country.
Peace Mass Transit has an active fleet of 4,000 buses with at least 2,000 on the road daily. It regularly freshens up the fleet to meet customer expectations and also maintain its market leadership.
PMT Founder and Chief Executive Officer, Chief Samuel Maduka Onyishi, maintains he runs the company as a “ministry” and not strictly as a business, and would, always do what it takes to keep the company as an industry leader, at all times.
“The brand new buses we are injecting cost almost N 17 million per unit, but I have a pact with both God and our huge clientele to offer the best possible services at all, times,” he stated after inspecting the newly assembled buses on Monday.
Customers are encouraged to book online through www.pmt.ng, or visit our website –peacegroup.ng
Chief Onyishi, Member of the Order of the Niger (MON) expressed gratitude to God and also to Nigerians who have trusted the brand (PMT) for over 20years. He urged them to keep their faith in the company and promised to always deliver beyond their expectations.
“Our customers deserve even more and no less,” he added. “We will never take their patronage for granted because they have brought us this far.”
He reiterated that the introduction of the new buses was a “strategic fleet rejig” and in no way signified or suggested older vehicles had any maintenance issues or were about to be discarded.
“Our maintenance culture is top-notch and the team is manned by technicians and engineers some of whom were trained abroad.
All PMT vehicle plying the highway, are regularly checked for maintenance, to avoid breakdown. All our vehicles run on strong quality tires which are replaced upon attainment of a certain mileage.’’
He reiterated that the introduction of the new buses was a “strategic fleet rejig” and in no way signified or suggested older vehicles had any maintenance issues or were about to be discarded the chairman concluded.
Special, distinguishing features of the new buses include, but not limited to EBS/ABS brake system combined, digital dashboard, factory-fitted speed limiter, on-board TV, and DVC player for customers’ non-stop pleasure.
According to the Executive Director, Ifeanyi, ‘’Multiple charging points and luggage controls are being provided, with all the buses fully air-conditioned, which includes protective seat belts for all passengers.
Free Wi-Fi services for passengers are still in the works.
‘I Didn’t Inherit Any Money From My Father, I Built Everything From Scratch’ — Dangote
Africa’s richest man, Aliko Dangote has revealed that he didn’t inherit any money from his father.
He stated that he built his empire from nothing.
It is widely believed that the Billionaire inherited his wealth from his late father, Mohammed Dangote.
Speaking in a new interview, Dangote however confirmed that his father who died when he was only 8 years old was actually wealthy but he (Dangote) gave out the things that his late father willed to him to charity, and started his own life.
Aliko Dangote is now valued at $14bn by Forbes and this makes him the 95th richest person in the world.
He has the largest cement company in Africa and his refinery in Ibeju-Lekki when completed is set to be one of the largest in the world.
Dangote Shuns Innoson Motors, Orders 10,000 Trucks From Indonesia
Dangote Group has concluded plans to purchase 10,000 light pickup trucks.
But the company appears to have shunned Nigerian carmaker, Innoson Vehicle Manufacturing, IVM, as the trucks are coming in from Indonesia.
Putu Juli Ardika, the Indonesian Director of Maritime Industry, Transportation Equipment and Defense Equipment, said the vehicles would be purchased by Aliko Dangote through his company, Dangote Group.
Ardika explained that the trucks would be imported into Nigeria to serve as means of transportation to rural communities.
He said the vehicles would be used by farmers and others in Nigeria’s agricultural value chain, to transport water, cassava, and seed processors.
“Dangote’s team will check three units as a sample to be brought to Africa at the end of January.
“The trucks are set to be exported over five years, with 1,000 units to be exported this year and next year,” Putu said.