Treasury Single Account
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Treasury Single Account
Treasury Single Account (TSA) is a financial policy in use in several countries all over the world. It was proposed by the federal government of Nigeria in 2012 under the Jonathan Administration and was fully implemented by the Buhari Administration. to consolidate all inflows from all agencies of government into a single account at the Central Bank of Nigeria. Background Efficient management and control of government's cash resources rely on government banking arrangements. Nigeria, like many middle income countries, employed fragmented systems in handling government 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. The IMF also recommends the establishment of a legal basis to ensure its robustness and stability. The introduction of the Treasury Single Account policy therefor ...
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Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ...
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Ekiti State
Ekiti State ( yo, Ìpínlẹ̀ Èkìtì) is a state in southwestern Nigeria, bordered to the north by Kwara State, to the northeast by Kogi State, to the south and southeast by Ondo State, and to the west by Osun State. Named for the Ekiti people—the Yoruba subgroup that make up the majority of the state's population—Ekiti State was formed from a part of Ondo State in 1996 and has its capital as the city of Ado-Ekiti. One of the smallest states of Nigeria, Ekiti is the 31st largest in area and 30th most populous with an estimated population of nearly 3.3 million as of 2016. Geographically, the state is divided between the Nigerian lowland forests in most of the state and the drier Guinean forest–savanna mosaic in the north. Among the state's nature are false acraeas, mona monkey, forest buffalo, and grey parrot populations along with one of the last remaining Nigeria-Cameroon chimpanzee populations with a troop of about 20 chimpanzees in the heavily threatened Ise Fores ...
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John Obaro
John Tanimola Obaro is a Nigerian technology entrepreneur, public speaker, and founder of SystemSpecs Nigeria Limited. Early life and education John Obaro is from Kogi State. He is of the Okun tribe in Nigeria, and was born April 19, 1958. He had his formative years in Kano and Ilorin, Kwara State, where he had elementary education. Raphael Awoseyin "unconsciously influenced" Obaro's decision to study Computer Science. Obaro had his primary education at Baptist School in Ilorin, and his secondary, at Government Secondary School, Ilorin from 1970 to 1974. It was here that Awoseyin, then a temporary teacher in the school, taught Obaro's class mathematics. It stimulated Obaro's interest in the subject, to the point that he (Obaro) decided to study mathematics and computer science in the university. Obaro proceeded to Kwara State College of Technology, now renamed Kwara State Polytechnic for a diploma. He attended the Ahmadu Bello University where he graduated with a second class ...
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Goodluck Jonathan
Goodluck Ebele Azikiwe Jonathan (born 20 November 1957)Lawson Heyford, ''The Source'' (Lagos), 11 December 2006. is a Nigerian politician who served as the President of Nigeria from 2010 to 2015. He lost the 2015 presidential election to former military head of state General Muhammadu Buhari, and was the first incumbent president in Nigerian history to concede defeat in an election. Prior to that, he served as Vice President of Nigeria from 2007 to 2010 under the administration of Umaru Musa Yar'Adua; and in oil-rich Bayelsa State as Governor of Bayelsa State from 2005 to 2007. Early life Goodluck Jonathan was born on 20 November 1957 in Ogbia to a Christian family of canoe makers,Lawson Heyford"Jonathan: A Colossus at 49", ''The Source'' (Lagos), 11 December 2006.
. Al Jazeera.net.
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Muhammadu Buhari
Muhammadu Buhari (born 17 December 1942) is a Nigerian politician and current president of Nigeria since 2015. Buhari is a retired Nigerian Army major general who served as the country's military head of state from 31 December 1983 to 27 August 1985, after taking power in a military coup d'état. The term Buharism is ascribed to the authoritarian policies of his military regime. Buhari ran for president of Nigeria in 2003, 2007, and 2011. In December 2014, he emerged as the presidential candidate of the All Progressives Congress party for the 2015 general election. Buhari won the election, defeating incumbent President Goodluck Ebele Jonathan. This was the first time in the history of Nigeria that an incumbent president lost a general election. He was sworn in on 29 May 2015. In February 2019, Buhari was re-elected, defeating his closest rival, former Vice President Atiku Abubakar, by over 3 million votes. Early life Buhari was born to a Fulani family on 17 December ...
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Lai Mohammed
Layiwola "Lai" Mohammed (born 6 December 1951) is a Nigerian lawyer and politician. He is currently the Minister of Information and Culture, a position he has held since November 2015. He is also the former National publicity secretary of the All Progressives Congress. Biography He was born into the family of Alhaji Mohammed Adekeye in 1952. He is a native of Oro in Kwara State. He earned a bachelor's degree in French from Obafemi Awolowo University, in the year 1975. He proceeded to obtain a law degree from the University of Lagos, and then Nigerian Law School in 1986 As a practising Lawyer, Alhaji Lai Mohammed co-founded the legal firm of Edu & Mohammed as a senior partner in 1989. Business Mohammed is a businessman and served as the Chairman of Optmedia Limited, a subsidiary of Afromedia Plc since 18 December 2008. He served as a Director of Afromedia PLC since May 2011. Alhaji Mohammed is also a fellow of the Nigerian Institute of Public Relations (NIPR) and worked ...
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All Progressives Congress
The All Progressives Congress (APC) is one of the two major contemporary political parties in Nigeria, along with the Peoples Democratic Party (PDP). Founded on 6 February 2013 from a merger of Nigeria's three largest opposition parties, the party came to power following the victory of party candidate Muhammadu Buhari in the 2015 presidential election. This marked the first time in Nigerian history that an opposition party unseated a governing party and power was transferred peacefully. In 2015, the APC won the majority of seats in the Senate and the House of Representatives, though it fell shy of winning a super-majority to override the ability of PDP to block legislation. During Buhari's first term, waves of defections led the party to lose its federal legislative majorities in 2018, with both Senate President Bukola Saraki and House Speaker Yakubu Dogara among the dozens of lawmakers that defected to the PDP. Nonetheless, Buhari was reelected in the 2019 general elect ...
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Bayelsa
Bayelsa is one of the states in the South-South region of Nigeria, located in the core of the Niger Delta region. Bayelsa State was created in 1996 and was carved out from Rivers State, making it one of the newest states in the federation. Yenagoa is the capital city of Bayelsa State with most parts to have fallen within the high-risk of floods, suspects to occur annually. It shares a boundary with Rivers State to the East and Delta State to the west, with the waters of the Atlantic Ocean dominating its southern borders. It has a total area of 10, 773 km2. The state comprises eight Local Government Areas. they are Ekeremor, Kolokuma/Opokuma, Yenagoa, Nembe, Ogbia, Sagbama, Brass and Southern Ijaw. The state shares borders with Rivers State, of which it was formerly part, and Delta State. Ijaw, language is widely spoken in Bayelsa State also Isoko and Urhobo speak within their ancestral towns in the state. It is also the ancestral home of the Urhobo people in the Sagbama l ...
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Ayo Fayose
Peter Ayodele Fayose (born 15 November 1960) is a Nigerian politician and the former Governor of Ekiti State. Early life Fayose grew up in Oyo State where he attended Olivet Baptist High School, Oyo. In 1985, He was admitted to a Higher National Diploma (HND) programme in Biological Sciences/Applied Medical/Biology by The Polytechnic, Ibadan and graduated in 1987. While doing his National Youth Service Corps program at Pepsi Nigeria Limited, Ibadan, he engaged in installation, maintenance and servicing of medical and laboratory equipment. He is married to Feyisetan. He conducted one of the most sought after medical outreach programmes during his political campaign in 2001. Political career Fayose became the second governor of Ekiti on 29 May 2003, after defeating the incumbent Governor, Niyi Adebayo in the gubernatorial elections. He could not complete his tenure as a result of an impeachment on 16 October 2006. During the 2014 Ekiti State gubernatorial election, Fay ...
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Buhari Administration
Muhammadu Buhari, was inaugurated as the President of Nigeria on May 29, 2015, succeeding Goodluck Jonathan. Buhari, the All Progressives Congress nominee, was a former military head-of-state, and general in the Nigerian Army. His running mate, is Professor Osinbajo, the former Attorney-General of Lagos state, inaugurated as Vice President of Nigeria on the same day. Domestic Policy Economy Treasury single account (TSA) In August 2015, Buhari started the implementation of the TSA. This was done in order to centralise the revenue collection of the various government parastatals. The administration believes that the TSA would help reduce corruption within the Federal government. The administration estimated that it has saved taxpayers N5.244 trillion by February 2017. Anti-corruption war The administration has demonstrated a strong commitment to the anti-corruption war. Running on a manifesto promising to curb and adequately prosecute corruption, believing it hinders economic grow ...
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Kogi
Kogi State is a state in the North Central region of Nigeria, bordered to the west by the states of Ekiti and Kwara, to the north by the Federal Capital Territory, to the northeast by Nasarawa State, to the northwest by Niger State, to the southwest by the Edo and Ondo states, to the southeast by the states of Anambra and Enugu, and to the east by Benue State. It is the only state in Nigeria to border ten other states. Named for the Hausa word for river (''kogi).'' Kogi State was formed from parts of Benue State, Niger State, and Kwara State on 27 August 1991. The state is nicknamed the "Confluence State" due to the fact that the confluence of the River Niger and the River Benue occurs next to its capital, Lokoja. Of the 36 states of Nigeria, Kogi is the thirteenth largest in area and twentieth most populous with an estimated population of about 4.5 million as of 2016. Geographically, the state is within the tropical Guinean forest–savanna mosaic ecoregion. Importan ...
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Dino Melaye
Dino Melaye (born 7 January 1974) is a Nigerian politician, a former senator and was a member of the 8th Nigerian National Assembly, representing Kogi West Senatorial district. He is from Ayetoro Gbede in Ijumu Local Government Area of Kogi State. Dino Melaye is a former senator and member of the (Nigeria) and also a member of the People’s Democratic Party. In 2015 he defected to All Progressives Congress (APC) but returned to PDP in the buildup to 2019 elections after months of political struggle with Kogi State governor. He was the Chairman Senate Committee on Federal Capital Territory (FCT) Abuja. And briefly the Senate Committee Chairman on Aviation in Nigeria. Early life and education Dino Melaye was born in Kano State, Nigeria. He attended Abdulaziz Attah Memorial College, Okene for his secondary school education. He graduated from Ahmadu Bello University, Zaria where he studied geography in 2000. He led the National Association of Nigerian Students (NANS) and later ...
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