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Katsina State adopts Treasury Single Account, TSA

Last updated: July 4, 2023 1:56 am
3 years ago BY ZAKARI OMALE
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2 Min Read
aitlive - Katsina State
aitlive - Katsina State

Governor Dikko Radda has directed all Ministries, Departments, and Agencies of the Katsina State Government to immediately adopt the Treasury Single Account, TSA, for all their transactions.

Radda gave the order in a circular dated July 3, which he signed, and titled “Treasury Single Account Direction Notice 2023”.

Also Read: Katsina State Govt. to create Ministry of MSMEs

In a statement by his Chief Press Secretary, Ibrahim Muhammed, the Governor further directed the State Accountant-General, to prescribe the framework within which Ministries, Departments, and Agencies shall conduct their bank and cash management, under the TSA.

The statement also added that the Governor’s directive is in the exercise of the powers conferred on him by the provisions of Section 5(2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), and all other powers, enabling him on that behalf.

The circular read in part: “Without prejudice to Section 120 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), all revenues and monies accruing, and forming the Consolidated Revenue Fund, including funds from the Excess Crude Account, grants, or donations for Katsina State, shall be paid into a unified account, to be referred to as the Treasury Single Account, out of which, all expenditure incurred, or approved to be incurred, shall be defrayed or paid.”               

(Editor: Terverr Tyav)

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