Dr Oluwatoyin Madein, the Accountant General of the Federation (AGF), has issued guidelines for the exclusion of Federal Universities and Research Institutions’ research funding from the Treasury Single Account (TSA). Madein released a federal treasury circular in Abuja on Thursday,
The federal government has mandated that third-party research grant funds for federal universities and research institutions be excluded from the Treasury Single Account (TSA). This was revealed in a letter sent by Chris Maiyaki, Acting Executive Secretary of the National Universities Commission (NUC), to Vice Chancellors. The letter, dated September 6, 2024, was