Reno Omokri, previous assistant to ex-President Goodluck Jonathan, has given a clarification of how a “hasty” choice of the President Muhammadu Buhari cabinet made Nigeria a broke country.
He said that President Buhari – out of appetite and urgency for accomplishment – requested all national government Ministries, Departments, Agencies (MDAs) including the colleges to dump their assets in one record, the Treasury Single Account (TSA).
That mandate from the Presidency drained out of the economy trillions of Naira overnight, and caused the loss of 4.85 million occupations within three months.
He stated: “Typically countries go belly up yet it requires investment. The reason Nigeria is abruptly down and out is on the grounds that there is something many refer to as the Treasury Single Account (TSA).
“The TSA was a brainchild of President Goodluck Jonathan and Dr. Mrs Ngozi Okonjo-Iweala; when they needed to bring every one of the assets of the national legislature of Nigeria under one record, and they needed that record to be a solitary record so they could advance straightforwardness.
“But since they realized that on the off chance that we have this treasury single record, and we review every one of the assets that the government has in banks and in various foundations, it will crumple the economy.
“In this way, he took the TSA which was not his thought. Google it; don’t believe me. It was the brainchild of President Goodluck Jonathan and Dr. Mrs Ngozi Okonjo-Iweala.
“Buhari had literally nothing to do with the TSA. But since he was eager and frantic for accomplishment, he took it and all at once requested all central government Ministries, Departments, Agencies (MDAs) including the colleges to dump their assets in one record.
“Overnight, trillions of Naira that was in the business managing an account part got drained out of the economy and got put into the TSA at the Central Bank.
“That was Jonathan’s arrangement that should have been actualized step by step yet Buhari just gave the request for the usage of the TSA all at once.”