- 20 Marks
PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector
Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.
Question
Treasury Single Account (TSA) is one of the financial policies being implemented by the Federal Government of Nigeria to consolidate all inflows from all Ministries, Departments, and Agencies (MDAs) by way of deposit into Commercial Banks, traceable into a single account at the Central Bank of Nigeria.
You are required to identify:
a. FIVE benefits associated with the financial policy. (5 Marks)
b. FIVE challenges inherent in operating the financial policy. (5 Marks)
c. FIVE roles and responsibilities of Ministries, Departments, and Agencies (MDAs) under the TSA scheme in Nigeria. (5 Marks)
d. FIVE roles and responsibilities of State Accountant-Generals under the TSA scheme in Nigeria (5 Marks)
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