2016-02-08 | BPS/DIR/GEN/CIR/03/002

Guidelines for the Operation of Treasury Single Account (TSA) by State Governments in Nigeria

State Governments in Nigeria are facing financial pressures due to declining revenues and increasing responsibilities, leading to the implementation of financial and treasury management reforms, including the Treasury Single Account (TSA) scheme. The Central Bank of Nigeria (CBN) has issued guidelines for the management and operation of the TSA, which aims to centralize and streamline government bank accounts for improved transparency, cash management, and cost efficiency. The guidelines outline the objectives, requirements, and stakeholders' roles and responsibilities for the TSA, emphasizing the need for standardized banking arrangements, operational processes, and IT infrastructure to support its successful implementation.

Nigeria

Central Bank of Nigeria

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