In an effort to efficiently improve on the processes of revenue generation and collection in the state and ensure proper accountability and transparency in all government accrued revenues, Governor Akinwunmi Ambode of Lagos State has approved the operation of a single account in the state effective September 1, 2015.
According to a statement by the Permanent Secretary/Accountant General of the state, Mrs Abimbola Umar, the state government took the decision to address the challenges previously faced with the operation of the multiple accounts system.
Governor Ambode said the operation of a Treasury Single Account (TSA), aside providing transparency and accountability, would also encourage tax payers to request for a single account before making payments.
