Treasury Single Account Policy in Nigeria: Performance, Bottlenecks and Prospects


  • Abdulgaffar Muhammad Postgraduate Student, National Open University of Nigeria



Executive, Financial Leakages, Legislature, Ministries, Performance, Prospects and Treasury Single Account.


The treasury single account model was introduced in the Federal Republic of Nigeria to mitigate financial leakages, promote probity and prevent misappropriation of government revenue and also consolidate government accounts, this is a bid to prevent embezzlement and high handedness by revenue generating agencies. This work examined the performance, bottlenecks and prospects of treasury single account policy in Nigeria. The paper being qualitative as it relies heavily on secondary data. The study was underpinned by the systems theory. The study concluded that the implementation of the treasury single account has blocked financial leakages, promoted probity and accountability to a very large extent in the public financial system. Consequently, the paper suggested for a synergy between the executive and legislature to enforce and ensure compliance to the provisions of the TSA by ministries extra ministerial department and financial institution.


Adeolu, I.A. (2015). Understanding the Treasury Single Account (TSA) System-Things you should know. Business and Economy, Market Development.

Agabi, C. (2017, April 9). TSA: The gains, the challenges. Daily Trust Newspaper, Sunday, p.10

Bashir, Y. M. (2016). Effects of treasury single account on public finance management. Research Journal of Finance and Accounting. 7.(6), 167-170

Central Bank of Nigeria. (2005). Statistical bulletin. Central Bank of Nigeria Bullion. 16: December.

Central Bank of Nigeria. (2015). Revised guidelines for compliance with treasury single account by banks in Nigeria. CBN Bulletin.

Chukwu, O. (2015, August 11). Banks face liquidity strain as federal government fully enforces treasury single account. ThisDay Newspaper, Monday, p.52

Dlakwa, H.R. (2010). Concept and models in public policy formulation and analysis. Kaduna: Pyla-Mak Services Limited

Easton, D. (1965). A system of political analysis. New York: Willey and Son Inc.

Editorial (2018, January 8). Audit N4.2 trillion TSA now. Daily Trust Newspaper, Monday, p.44

Eme, O.I., Chukwura, D.C., & Emmanuel, N.I. (2015). An analysis of pros and cons treasury single account policy in Nigeria. Arabian Journal of Business and Management Review (OMAN Chapter). 5(4), 20-39

Fatile, J.O., & Adejuwon, K.D. (2017). Implication of Treasury Single Account (TSA) on the cost of governance in Nigeria: Buhari administration in perspectives. International Journal of Advanced Studies in Economics and Public-Sector Management, 5(1), 13-29

Federal Republic of Nigeria (1999). 1999 Constitution of Federal Republic of Nigeria (with amendment 2011). Lagos: Federal Government Press.

Hussaini, T.H. (2010). Nigeria’s vision 20:2020: Small and medium enterprises policy and the challenges of implementation. Keffi Journal of Administration and Policy Review. 1(1), 108-133

International Monetary Fund. (2010). Treasury single account: Concept, design and implementation issues. IMF Working Paper, WP/10/143

Ocheni, S. (2016, January 25th). Treasury single account: A catalyst for public financial management in Nigeria. The Nation Newspaper, Monday, p.7-10

Odia, J.O., & Odia, A.A. (2016). E-government and corruption in Nigeria: The case of Treasury Single Account (TSA). Afro-Asian Journal of Social Sciences. 7(4), 1-25

Ogundipe, A. (2017, October 13). TSA: The untold economic benefits. Business Day Newspaper, Friday, pp.14-17

Okey, O.O., & Eduno, E.B. (2014). Corruption, governance and public spending in Nigeria: Implications for economic growth. British Journal of Economics, Management & Trade. 4(11), 1679-1699

Okwe, M. (2018, March, 18). National Assembly, Judiciary shun TSA as remittances hit N8.9 trillion. trillion. accessed 7th June, 2018.

Shittu, B. (2018, March, 22). Kemi Adeosun: Federal Government saves N68 billion on cost, brings 511 MDAs under IPPIS. Today ng online news. Accessed 7th July, 2018.

Utsu, E.A., Muhammad, M.B., & Obukemi, C.O. (2016). An assessment of the treasury single account policy on Nigerian economy. Social Sciences Journal of Policy Review and Development Strategies. 2(1), 74-82.

Uwaleke, U. (2018, February, 18), Nigeria’s TSA monthly savings rose to N24.7 billion. Newstage online news. https:/ billion. Accessed 7th July, 2018.

Yusuf, I.A., & Chiejena, N. (2015). Anti-graft war: one economy, one account. Sunday Nation Newspapers, pp. 9-10 &71

Yusuf, O., Abdullahi, G., Emmanuel, U., & Emmanuel, O. (2015). The impacts of Treasury Single Account (TSA) on Ministries, Departments and Agencies (MDAs) accounting information and accountability: A conceptual review, Proceedings of the Academic Conference of Sub-Saharan African Academic Research Publications on New Direction and Uncommon Changes. 2(4), 5th -6th November, 2016- Mallam Audu Auditorium Hall, Federal Poly



How to Cite

Muhammad, A. (2020). Treasury Single Account Policy in Nigeria: Performance, Bottlenecks and Prospects. International Journal of Social, Political and Economic Research, 7(4), 801-813.