The Bases and Challenges of Treasury Single Account (TSA) in Nigeria

Abstract

The objective of this study is to underscore the fact that though there was regime change yet there is continuity in the policy of Treasury Single Account. TSA was carefully planned out for capital formation and reduction of revenue leakages. Data for this study was collected from secondary sources. The data was analyzed by using the technique of content analysis. This study found that:-(i) the search for both rural and urban development are responsible for the push for more funds through a mixture of Monetary and Fiscal Policies. (ii) Monetary Policy consists of deliberate policy-actions by the government through appropriate institutional framework i.e. monetary authorities which aimed at achieving particular set of economic objectives. (iii) Hence the research revealed that the policy of TSA is an international best practice in monetary and fiscal policy-making for economic development. (iv) TSA is therefore coordinated or institutionally rooted in the Central Bank of Nigeria. So it is recommended that the TSA policy should be sustained and the challenges be addressed by relevant stakeholders.