The implications of treasury single account tsa on the nigerian banking sector and economy with abstract. The paper evaluates the aftermath of tsa policy implementation on fraud control. However, this paper theoretically examined treasury single account in nigeria with a view to providing the way forward for the country. Treasury single account in nigeria 10 benefits legit. Treasury single account, revenue this study examined the nature, origin, challenges leakages, nigeria and lesion for nigerian experience of the treasury single account. Pdf public perception of the treasury single account in nigeria. The implications of treasury single account tsa on the nigerian. Following the directive of president muhammadu buhari in august 2015, federal ministries, departments and agencies mdas are to implement the treasury single account tsa with immediate effect. Pdf impact of treasury single account on the performance. Tsa refers to treasury single account, a public accounting system using a single account, or a set of linked accounts by government to ensure all revenue receipts and payments are done through a consolidated revenue account cra at the central bank of nigeria cbn. Impact of treasury single account on the performance of the banking sector in nigeria article pdf available july 2017 with 8,461 reads how we measure reads.
As a result of economic challenges, central bank of nigeria was directed to open a consolidated revenue account where all government revenue, incomes and inflows are collected into one single account maintained by the central bank of nigeria 1. Treasury single account policy and government revenue in. An overview of the treasury single account tsa plac legist. It is believed that the treasury single account will help to monitor the government revenue. Treasury single account and the significance of software nigeria treasury single account and the significance of software nigeria on february 25, 2017 9. Analysis of the impact of treasury single account on the. Pdf the bases and challenges of treasury single account. Treasury single account transparency and accountability. Giving life to jonathans dead policy directives how times change fast in nigeria, especially, federal government policy directives. Treasury single account and nigerias economy between. The purpose of this article is to evaluate and critique the policy of treasury single account tsa adopted by the nigerian government as an essential tool for enhancing transparency and accountability in. Let us provide you with a more detailed look at this decision and talk about the benefits of the treasury single account.
With the nigeria model of tsa, the cbn opened a consolidated revenue account in which all mdas remits all revenue collections into single account through the deposit money banks approved by cbn. Treasury single account is a pool in which all government revenue is collected and controlled by the central bank of nigeria, with the view to boost the economy and reduce corruption7. The tsa has been defined as a process and tool that unifies all government accounts in a single unit for the effective management of its finances, bank and cash position. Treasury single account international monetary fund. Treasury single account and economic performance in nigeria was carried out. It is also said that it was created to stifle the corruption in nigeria and other countries as well. An analysis of pros and cons treasury single account policy in nigeria eme, okechukwu innocent chukwurah, daniel c.