THEORISING THE TREASURY SINGLE ACCOUNT (TSA) IN NIGERIA

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Chinedu U. Okerekeoti ◽  
Emma I. Okoye
Keyword(s):  
Federal Republic ◽  
Financial Resources ◽  
Bank Account ◽  
Ministry Of Finance ◽  
Bank Accounts ◽  
The Government ◽  
Multiple Accounts ◽  
The Way

Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enlightenment about the importance of the policy at all levels. Also, government should adhere to the provisions of Section 162(1) of the Constitution of the Federal Republic of Nigeria (as amended) for the maintenance of Federation accounts and avoid using private contractors (SystemSpecs-Remita). Though Section 162(1) has made provisions for maintenance of Federation accounts, the legislature should look inwards and address the operational details. Furthermore, government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the TSA.

scholarly journals Treasury Single Account and Fraud Management in Nigeria: Benefits and Challenges

2021 ◽  
pp. 247-261
Author(s):  
ARUKWE C. Maureen ◽  
OKORO Deborah P. ◽  
ENEH Nnajiofor Cyrus
Keyword(s):  
Survey Design ◽  
Primary Data ◽  
Public Enterprises ◽  
Bank Account ◽  
Process Implementation ◽  
Credit Creation ◽  
Ministry Of Finance ◽  
Bank Accounts ◽  
Public Money ◽  
Public Expenditure Management

Treasury systems are designed to manage several critical aspects of public expenditure management. Key treasury system functions include financial planning, control of the budgetary process and management of government cash flow. However, for any treasury system to be effective, government has to ensure that it has sufficient liquidity to deal with payments, while ensuring that such liquidity costs are kept within the barest minimum. TSA is a (system of) unified structure of government bank accounts enabling optimal utilization and consolidation of government cash resources. In TSA a bank account or a set of linked bank accounts is used for all government transactions all its receipts and payments and gets a consolidated view of its cash position at any given time. This study investigates Treasury Single Account (TSA) and Fraud Management: Benefits and Challenges in Nigeria. Adopting a survey design, the study made use of primary data collected mainly through administering a set of questionnaire to104employeesofselected three Corporate Affairs Commissions in South-East, Nigeria comprising Enugu, Imo and Abia.100copiesofthequestionnaireoutof the total number of retrieved copies of questionnaire were validly completed and useful for analyses. Findings interlaid revealed that: TSA significantly reduced the incidence of fraud in public enterprises; TSA in public enterprises to a large extent reduces the credit creation of deposit money banks. The study recommends that the TSA policy will be effective if, the Fiscal Sunshine Bill is to be put in place, and if enacted will open up all financial activities of government in a way that there will be no more hiding place for those who divert or loot government money. Just like the Fiscal Sunshine Act is in place with budgeting process, implementation and contract awards, should be open for Nigerians to see how both revenues are generated and how public money is being spent by those in government, and why; Government should overhaul the capacity of the Federal Ministry of Finance and the CBN in order to cope effectively with the challenges associated with enforcement of the provisions of the TSA.

scholarly journals SECTORAL ANALYSIS OF BANKS ON TRENDS OF OPENING ACCOUNTS FOR PRADHAN MANTRI JAN DHAN YOJNA PHASE I (PMJDY)

2017 ◽  
Vol 5 (1) ◽  
pp. 183-197
Author(s):  
Trilok Nath Shukla
Keyword(s):  
Phase I ◽  
Financial Services ◽  
Prime Minister ◽  
Financial Inclusion ◽  
Bank Account ◽  
Direct Supervision ◽  
Debit Card ◽  
Sectoral Analysis ◽  
Ministry Of Finance ◽  
Bank Accounts

Most recently a national mission on financial inclusion called “PRADHAN MANTRI JAN - DHAN YOJANA” was launched on the 28th of August 2014. Under the direct supervision of the Indian Prime Minister and the Department of Financial Services, Ministry of Finance, the objective of this mission is to enroll over 70 million households and open their bank accounts along with providing them as a first step a RuPay debit card with a Rs. 1,00,000/- accident cover. In the due course of time the plan is to also cover these account holders with insurance and pension products. About 60% of the population in India does not have access to a bank account. PMJDY aims at providing bank account to single household above the age of 10 years who do not have bank account and will be opened with zero balance. The household opening the account will be benefited with one lakh accidental cover and Thirty Thousand life cover without premium. People opening account under this scheme will also avail overdraft facility up to five thousand from the bank after satisfactory conduct of the account for 6 months.

Pelaksanaan Jaminan Kesehatan Oleh BPJS Kesehatan Dalam Perspektif Syariah

Liquidity ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 110-118
Author(s):  
Iwan Subandi ◽  
Fathurrahman Djamil
Keyword(s):  
Health Care ◽  
Financial Institution ◽  
Social Supports ◽  
Religious Leaders ◽  
The Public ◽  
The People ◽  
The Social ◽  
Ministry Of Finance ◽  
Health Support ◽  
The Government

Health is the basic right for everybody, therefore every citizen is entitled to get the health care. In enforcing the regulation for Jaringan Kesehatan Nasional (National Health Supports), it is heavily influenced by the foreign interests. Economically, this program does not reduce the people’s burdens, on the contrary, it will increase them. This means the health supports in which should place the government as the guarantor of the public health, but the people themselves that should pay for the health care. In the realization of the health support the are elements against the Syariah principles. Indonesian Muslim Religious Leaders (MUI) only say that the BPJS Kesehatan (Sosial Support Institution for Health) does not conform with the syariah. The society is asked to register and continue the participation in the program of Social Supports Institution for Health. The best solution is to enforce the mechanism which is in accordance with the syariah principles. The establishment of BPJS based on syariah has to be carried out in cooperation from the elements of Social Supports Institution (BPJS), Indonesian Muslim Religious (MUI), Financial Institution Authorities, National Social Supports Council, Ministry of Health, and Ministry of Finance. Accordingly, the Social Supports Institution for Helath (BPJS Kesehatan) based on syariah principles could be obtained and could became the solution of the polemics in the society.

PENERAPAN METODE PROTOTYPING PADA PERANCANGAN APLIKASI SPPD KPPN MEDAN II BERBASIS WEBSITE

2019 ◽  
Vol 11 (1) ◽  
pp. 8-19
Author(s):  
Crystal Jelita Lumban Tobing
Keyword(s):  
Time Saving ◽  
Web Based ◽  
Government Organization ◽  
Manual Method ◽  
Microsoft Word ◽  
Ministry Of Finance ◽  
The Government ◽  
The City ◽  
Employee Data ◽  
The Web

 KPPN Medan II is one of the government organization units at the Ministry of Finance. Where leaders and employees who work at KPPN Medan II always carry out official trips between cities and outside the city. With these conditions, making SPPD documents experiencing the intensity of official travel activities carried out by employees of KPPN Medan II can be said frequently. So that in making SPPD in KPPN Medan II is still using the manual method that is recording through Microsoft Word which in the sense is less effective and efficient. In naming employees who get official assignments, officers manually entering employee data that receives official travel letters are prone to being lost because data is manually written. The web-based SPPD application is built by applying this prototyping method which is expected to facilitate SPPD KPPN Medan II management officers in making SPPD that is effective, efficient, accurate, time-saving, and not prone to losing SPPD data of KPPN Medan II employees who will has made official trips due to the existence of a special database to accommodate all SPPD files.

RELASI ULAMA DAN PENGUASA MASA KOLONIALISME

2020 ◽  
Vol 8 (2) ◽  
pp. 126-134
Author(s):  
Agung Perdana Kusuma
Keyword(s):  
The Netherlands ◽  
Private Sector ◽  
General Public ◽  
18Th Century ◽  
The Government ◽  
Colonial Government ◽  
The Way

In the 18th century, although the Dutch Company controlled most of the archipelago, the Netherlands also experienced a decline in trade. This was due to the large number of corrupt employees and the fall in the price of spices which eventually created the VOC. Under the rule of H.W. Daendels, the colonial government began to change the way of exploitation from the old conservative way which focused on trade through the VOC to exploitation managed by the government and the private sector. Ulama also strengthen their ties with the general public through judicial management, and compensation, and waqaf assets, and by leading congregational prayers and various ceremonies for celebrating birth, marriage and death. Their links with a large number of artisans, workers (workers), and the merchant elite were very influential.

On the Way of Democracy’s Development: FRG and «Europe of Citizens»

2011 ◽  
pp. 33-43
Author(s):  
A. Sindeev
Keyword(s):  
Federal Republic ◽  
European Integration ◽  
Western Civilization ◽  
Federal Republic Of Germany ◽  
The West ◽  
Difficult Situation ◽  
Western European ◽  
Main Components ◽  
The Way

At a first glance, the article is treating a private issue, namely that of the feasibility of the concept of a “Europe of citizens” in the Federal Republic of Germany. However, while discussing it we have to analyze at least three fundamental issues. 1). What is the West German democracy? 2). How democracy and Western/European integration are interlinked? 3). To what extent the concept of a “Europe of citizens” is able to lead both integration and democracy from the currently difficult situation in which are these two main components of the contemporary Western civilization?

Guatemala’s economy on the way to recovery

2021 ◽  
Keyword(s):  
Climate Change ◽  
Latin America ◽  
Violent Crime ◽  
Business Environment ◽  
Policy Support ◽  
Content Type ◽  
Containment Measures ◽  
The Government ◽  
The Way

Significance National GDP nevertheless contracted by just 1.5% in 2020 -- less than almost any other country in Latin America. Resilient remittances and exports, coupled with unprecedented policy support, have mitigated the effects of the pandemic and subsequent containment measures, leaving the country better placed for recovery than its neighbours. Impacts Enduring poverty, inequality and violent crime, and the impacts of accelerating climate change, will drive further migration from Guatemala. The government will pursue banking law reforms, to reduce risks to financial activities in the post-pandemic business environment. Infighting and corruption scandals will hinder the opposition's ability to benefit from the decline of the president's popularity.

scholarly journals A Survey and Analysis on the Sense of Nuclear Safety & Security for the Public: A Chinese Perspective

2018 ◽  
Vol 10 (7) ◽  
pp. 2495 ◽  
Author(s):  
Ye Yan ◽  
Fanghua Lu
Keyword(s):  
Nuclear Safety ◽  
Assessment System ◽  
Intermediate Level ◽  
Three Dimension ◽  
The Public ◽  
Related Information ◽  
Sense Of Security ◽  
The Government ◽  
Security Affairs ◽  
The Way

With the new round of global nuclear issues, the populace’s emotion has been tensed and discomposure has been trigged off. To accurately understand the sense of nuclear safety & security for the Chinese public and ensure that the government makes reasonable decisions regarding nuclear issues, a special questionnaire and evaluation has been carried out. With the use of the principles for sociology of security, the methods of questionnaires and SPSS, a three-dimension assessment system, which consists of knowledge and experience, internal, and external trust, and the way of perception, was constructed. This research shows that the state of Chinese populace’s sense of nuclear safety & security is generally as follows: their knowledge of nuclear safety & security and personal experience are still on a low to intermediate level; In terms of trust, it shows that the populace has lack of adequate trust in nuclear safety & security of neighboring countries or regions, as well as Chinese government’s countermeasures; in the way of perception of nuclear safety & security, the populace has few options of related information sources and though the sources are less reliable. Also, the size of the audience of nuclear safety & security is far short of what is desired. Finally, the comprehensive assessment holds that the current overall sense of security for the Chinese populace is on a low to intermediate level (40.71%). This paper points out that China should strengthen the popularization of the security of nuclear science to enhance public security confidence, also, further, more detailed and specific safeguarding measures regarding nuclear safety & security should be made to promote the development of nuclear safety & security affairs.

Between Uniatism and Arabism

2019 ◽  
Vol 32 (3-4) ◽  
pp. 361-392 ◽  
Author(s):  
Norig Neveu
Keyword(s):  
Middle East ◽  
Interwar Period ◽  
Adaptation Strategy ◽  
Arab Nationalism ◽  
International Networks ◽  
Complex Process ◽  
The Government ◽  
The Relationship ◽  
The Church ◽  
The Way

Abstract In the Emirate of Transjordan, the interwar period was marked by the emergence of the Melkite Church. Following the Eastern rite and represented by Arab priests, this church appeared to be an asset from a missionary perspective as Arab nationalism was spreading in the Middle East. New parishes and schools were opened. A new Melkite archeparchy was created in the Emirate in 1932. The archbishop, Paul Salman, strengthened the foundation of the church and became a key partner of the government. This article tackles the relationship between Arabisation, nationalisation and territorialisation. It aims to highlight the way the Melkite Church embodied the adaptation strategy of the Congregation for the Oriental Churches in Transjordan. The clergy of this national church was established by mobilising regional and international networks. By considering these clerics as go-between experts, this article aims to decrypt a complex process of territorialisation and transnationalisation of the Melkite Church.

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