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Buhari removes the Finance Ministry from the TSA

Marian RomainebyMarian Romaine
May 2, 2023
in News
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Buhari removes the Finance Ministry from the TSA
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The President, Major General Muhammadu Buhari (retd. ), approved the partial exclusion of the Ministry of Finance Incorporated from the Treasury Single Account on Tuesday in Abuja.

Buhari also authorized the Board of MOFI’s proposal to collect administration and transaction fees, as well as the inclusion of the Minister of Power on the Governing Council.

The president, who announced the decision during MOFI’s first Governing Council meeting, recalled that the new MOFI was inaugurated on February 1, 2023, to transform it from a register of investment records to a world-class asset and investment management organization.

As a government-owned investment company, the president emphasized that MOFI must be supported to fulfill its responsibility of achieving high returns on investments while also contributing to the country’s overall economic development.

Tags: Major General Muhammadu Buhari (retd. )pproved the partial exclusion of the Ministry of Finance Incorporated from the Treasury Single Accountpresident
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

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