Katsina’s TSA closes 600 bank accounts as IGR hits N36.6bn

The Katsina State Government says the implementation of the Treasury Single Account (TSA) in the state has resulted in the closure of more than 600 bank accounts previously operated by ministries, departments and parastatals, and that has significantly strengthened transparency and accountability in public financial management.

This was disclosed by the Special Adviser on Treasury Single Account (TSA), Salisu Lawal Ladan, saying the multiple accounts were closed following the full implementation of the TSA in January 2025.

He further explained that the state now operates a single Treasury Single Account with about 100 sub-accounts, adding that the reform has blocked loopholes that previously enabled the diversion of government funds.

“The implementation of the TSA has enhanced strict monitoring of all government revenue. It also ensures effective control of expenditure by ministries and parastatals while providing a comprehensive record of all government funds,” he said.

The Special Adviser noted that the policy has also driven a remarkable increase in the state’s Internally Generated Revenue (IGR), stating that Katsina state initially generated N9.7 billion in IGR in 2023, but the figure rose to N36.6 billion in 2025 following the implementation of the TSA.

He described the Katsina TSA model as one of the most comprehensive in Nigeria, adding that the state successfully implemented the system without major challenges as the state’s TSA is built on four major components: e-Collection, e-Payment, e-Budget and e-Technology.

He explained that the e-Payment system has eliminated delays in processing payments for executed contracts while enhancing transparency and efficiency in government financial transactions.

“All contract payments are processed electronically. The system has reduced corruption and made the work of financial officers easier and more efficient,” he said.

He further revealed that plans are underway to extend the implementation of the TSA to the 34 local government councils in the state after making the necessary adjustments for a seamless rollout.

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