ICSAN Sector Governance Practice Questions - ICSAN Professional Programme II - Governance Exam

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What is the primary governance objective of the Treasury Single Account (TSA) policy implemented by the Federal Government of Nigeria?

To decentralize revenue collection across commercial banks to support private sector liquidity To consolidate all government revenues in a single account at the Central Bank of Nigeria to enhance cash management and transparency To eliminate the requirement for Ministries, Departments, and Agencies (MDAs) to prepare annual budgets To allow the Ministry of Finance to directly disburse funds to political parties without legislative approval

Correct Answer:

To consolidate all government revenues in a single account at the Central Bank of Nigeria to enhance cash management and transparency

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