Katsina is the first state to implement the Treasury Single Account (TSA), says Bala Salisu-Zango, the information commissioner.

Mr Salisu-Zango said this on Sunday in Katsina.

The commissioner said the TSA implementation would bring all government funds in bank accounts within the effective control and operational purview of the treasury.

”The implementation is in order to enthrone centralised, transparent and accountable revenue management. The TSA will facilitate effective management of the government’s finances, bank and cash position, ensure cash availability, and promote efficiency,” stated the commissioner.

Mr Salisu-Zango added, “If government accounts are unified in a single unit, it will block lickages and the administration will be able to fulfill its campaign promises to the people.”

Governor Dikko Radda on July 3, directed all Katsina ministries, departments and agencies to adopt the TSA for all transactions.

Mr Radda gave the order in a circular dated July 3, 2023 and titled ‘Treasury Single Account Direction Notice 2023’, which he personally signed.

He further directed the accountant general to prescribe the framework within which ministries, departments and agencies will conduct bank and cash transactions under the TSA.

 receipts and payments. Establishing a unified structure as recommended by the IMF, where all government funds are collected in one account would reduce borrowing costs, extend credit and improve government’s fiscal policy among other benefits to government.

(NAN)