Examining the progress of treasury single account in preventing financial leakages in public offices in Nigeria

This research aims to assess the effectiveness of the Treasury Single Account (TSA) in curbing financial leakages within Nigerian public offices. The TSA, a government policy, seeks to enhance payment and revenue collection systems by consolidating government bank account balances for better oversight of public funds. The lack of transparency in fund management prompted the introduction of TSA to prevent the misuse of public funds, consequently hindering the nation's development due to the depletion of necessary resources. Despite its potential, the success of TSA in public fund management requires a comprehensive approach, addressing corruption and establishing the essential infrastructure for its optimal implementation. In Nigeria, the adoption of TSA for fund management is still in its early stages. The study underscores the imperative for a robust TSA implementation and highlights its significance in enhancing public financial management. Ultimately, the research concludes that embracing TSA is integral to establishing an efficient and effective public financial management system, aiding the government in identifying idle cash balances across federal Ministries, Departments, and Agencies accounts.