Implementing Treasury Single Account (TSA) In Nigeria: Current Issues, Benefits And Prospects
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Date
2016-12
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Abstract
This study examines the current issues, benefits and future prospects of implementing the treasury single
account policy in Nigerian. The implementation of the policy is geared towards promoting transparency
and facilitates compliance with sections 80 and 162 of the 1999 Constitution. The policy measure is
specifically in line with the (Nigeria Vision 20:2020 goal) as it is part of the Public Financial Management
reforms which falls under pillar 3 of the National Strategy for Public Service Reforms towards vision
20:2020 aimed at driving development and modernizing the country’s payment system. This study
concludes that despite the bottleneck and challenges that may be associated with a policy of this nature,
the benefits far outweigh the cost thus it is recommended that all efforts should be harnessed to ensure
full implementation because the long run benefit will not only allow these present generations to meet
their needs but allow the next and future generations to meet their needs