Economy

Akwa Ibom TSA Policy Boosts State Revenue from N2bn to N7bn in Three Months

Share
Share

Akwa Ibom State Governor, Umo Eno, has lauded the performance of the Treasury Single Account (TSA) policy, revealing that the state’s internally generated revenue (IGR) has surged from N2 billion to N7 billion monthly just three months after its introduction.

The TSA policy, implemented on January 1, 2026, requires all Ministries, Departments, and Agencies to remit all government revenues into a centralised account to enhance transparency and accountability. Speaking during the Government House Monthly Prayer Service at the Latter House Chapel in Uyo on Saturday, Eno described the revenue increase as “heartwarming” and reaffirmed his administration’s commitment to making Akwa Ibom self sustaining.

“We want to make our state self sufficient. In the next few years, we aim to raise our internally generated revenue to a point where it can at least pay our salaries,” the governor said, noting that the TSA has been instrumental in this rapid growth.

Eno urged all government agencies and financial stakeholders to adhere strictly to TSA rules and standards, warning that any compromise or sabotage would be dealt with decisively. He added that the state’s development efforts are guided by the ARISE Agenda, his economic blueprint, and the needs documents submitted by residents.

The governor stressed that development is a sequential process, emphasizing that his administration is executing projects and programmes strategically for sustainable transformation. On the political front, he advised residents to maintain peace and unity, warning against unnecessary political agitation.

Rev. Simeon Afolabi, founder of Firstlove Assembly Port Harcourt, who preached at the service, highlighted the importance of trusting God, describing Him as “El Shaddai,” the Almighty God, mighty in wisdom, power, and influence.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
EconomyPolitics

Nigerian Analyst Challenges US Assessment of Federal Fiscal Transparency

A prominent Nigerian legal practitioner and public affairs analyst has mounted a...

EconomyEntertainmentMetro

Mr Eazi’s Choplife Sets Up Base in Itana Digital Special Economic Zone to Scale African Creative Business

Nigerian musician turned entrepreneur Oluwatosin Ajibade, widely known as Mr Eazi, is...

Economy

Senate Issues 48 Hour Ultimatum to Four Oil Companies Over NEITI Audit Queries

Four major oil companies operating in Nigeria now face a critical deadline...

Economy

Inflation Data and Consumer Spending Take Center Stage as Markets Eye Fed Policy Shift

While many traders escape to summer vacations, financial markets face a pivotal...

EconomyWorld

UK economy shows resilience with expected second quarter growth despite Iran war pressures

Britain's economy is on track to deliver another quarter of growth despite...

Economy

Oklahoma Tribal Finance Leaders Celebrate Decade of Growth with Black Tie Masquerade Gala

Oklahoma's tribal finance leaders will don masks and formal attire this October...

Economy

Consumer Spending Slowdown Threatens Job Market Growth as Inflation Bites

America's job creation engine is losing steam as inflation weary consumers increasingly...

EconomyMetro

Senate probe into oil sector audit hits roadblock as CBN, NDDC and NUPRC skip hearing

A high stakes Senate investigation into Nigeria's oil and gas sector transparency...