The Governor of Imo State, Emeka Ihedioha has signed the executive order 005, implementing the take off the Treasury Single Account (TSA) in the State, prohibiting cash payment of receipt for any service rendered in the state government.
Governor Ihedioha disclosed that it has become imperative to streamline, regularise, and mainstream the revenue and financial transactions of Imo State through the introduction of the Treasury Single Account.
“Today’s take-off of the TSA in Imo State is in compliance with the provisions of the Nigerian constitution, requiring all accruable revenues to be paid into a consolidated revenue account.
“The essence of the executive order is to apply the TSA as an instrument of transformation and ease of doing business. Imo State by the World Bank 2018 Ease of Doing Business in Nigeria report, is ranked 34 out of 36 states of the federation. A very poor standing indeed.
“The introduction of the TSA signals a trajectory of transformation and a major turning point in the decision and commitment of the government of Imo State to provide a strong economy and healthy society and a new Imo characterised by excellence, equality, meritocracy, integrity, incorruptibility, diligence and compliance with the rule of law.”
