ABUJA – Mr Valentine Achum, Advocacy Lead for Equal Trade Alliance, has called for stronger enforcement, legislative support, and technological upgrades for Nigeria’s Treasury Single Account (TSA) as the system marks its second decade.
Achum described the TSA as Nigeria’s most successful fiscal reform, credited with enhancing transparency and optimising government revenue.
“Successive administrations have recognised the TSA as a key achievement worth preserving and expanding,” he said.
He warned that revenue leakages persist as some funds remain outside the TSA and Central Bank, stressing the need for continued enforcement and improved technology. Achum also recommended extending the TSA to include foreign exchange inflows for full visibility of public finances.
“The TSA has recovered trillions of Naira, eliminated billions in wasteful spending, restored constitutional compliance, transformed institutional behaviour, stabilised the economy during crises, and earned international recognition,” he said.
He urged reliance on local technology, citing Remita’s success in powering the TSA, and warned that weakening the system would risk a return to pre-2015 fiscal disorder.
