Nigeria signs memorandum of understanding with Gambia

Nigeria/The Gambia sign Memorandum of Understanding (MOU) on Treasury Single Account (TSA) Implementation; as part of Technical Co-operation to support transition of The Gambia to TSA. HM . The minister of finance led the signing ceremony at Finance HQ in Abuja, today.

The co-operation seeks to avail The Gambia with vast knowledge, experience & technical expertise that Nigeria has gained in 15 years of implementing TSA in particular & other Public Financial Management reforms. By so doing, The Gambia is properly guided as it implements its own.
“#TSA implementation has benefited Nigeria immensely…We can now easily determine our aggregate cash balance which is critical for managing public finances at a time of acute fiscal constraints. We are also saving an average N45 billion monthly in interest payments.” – Zainab shamsuna

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