TREASURY SINGLE ACCOUNT (TSA) POLICY AND ITS EFFORT IN COMBATING CORRUPTION IN NIGERIA

Oyinlola R. Abodunrin, Funmilayo T. Omole

Abstract


Corruption is one of the evil confronting the development of Nigeria.  It is a cankerworm that has eaten deep into the fabrics of the Nigeria system. Various measures have been adopted by various governments and administration at all levels to combat the ugly menace. Treasury Single Account became operational in 2012 under President Goodluck Jonathan, but not much was known about it until 2015 when President Muhammadu Buhari took over the government and the full-edged implementation took effect. The objective of the study is to determine whether the introduction of a unified structure of government bank accounts through a Treasury Single Account (TSA) will solve the problem of unscrupulous spending of Government fund and hence eradicate loss and enhance cash management and helps in curbing corruption. The study shows that the adoption of TSA has helped the federal government has it pools and unifies all government accounts through a single treasury account and thereby helps in fighting against corrupt practices. The paper therefore advocates the management of unified structure of government bank accounts via a treasury single account (TSA) will solve these problems of corruption.

Keywords


Corruption, Treasury Single Account, Nigeria, Development, Policy

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