Katsina governor introduces treasury single account

Governor Dikko Umaru Radda of Katsina State has introduced treasury single account (TSA) to manage all finances accruing to the state.

This was contained in an executive order: KTSLN NO: 0012023, tagged “Treasury Single Account Direction Notice” dated July 3 2023 and signed by the governor.

“In the exercise of the powers conferred upon me by the provisions of Section 5(2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and all other powers enabling me in that behalf, I, Dikko Umaru Radda, PhD., Governor of Katsina State do hereby make the following:-

“This Notice may be cited as Treasury Single Account Direction Notice, and shall be deemed to have come into force on the 3rd day of July 2023.

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“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 Excess Crude Account, grants or donation for Katsina State shall be paid into a unified account to be referred to as Treasury Single Account out of which all expenditure incurred or approved to be incurred shall be defrayed or paid.

“The Accountant General shall prescribe the frame work within which Ministries, Departments and Agencies shall conduct their bank/cash management under the Treasury Single Account regime.

“The Commissioner for Finance, Accountant General and the Auditor General shall ensure compliance to this Direction,” the order read in full.

In his inaugural address, Radda had promised to introduce the TSA, saying it was with a view to consolidating the state’s finances to strengthen accountability and close all loopholes in our financial system.

“Leakages in payroll, overheads, and capital projects will be targeted until we eradicate them to ensure that public finances are managed efficiently for the benefit of the people,” the governor added during the address.