Katsina State Closes 600 Accounts, Boosts IGR to N36.6bn

The Katsina State Government has successfully implemented the Treasury Single Account (TSA), leading to the closure of 600 bank accounts previously operated by various ministries and departments. This initiative, disclosed by Special Adviser Salisu Lawal Ladan, aims to enhance transparency and public financial management.

The TSA's implementation is expected to be fully realized by January 2025, with the state operating under a single treasury account and 100 sub-accounts to block previous loopholes that allowed for diverse government fund management. The TSA has significantly improved the state's Internally Generated Revenue (IGR), which rose from N9.7 billion in 2023 to N36.6 billion projected for 2025.

The TSA model in Katsina is built on four major components: e-collection, e-payment, e-budgeting, and e-technology, which together enhance the efficiency and transparency of government financial transactions. Plans are underway to extend the TSA implementation to 34 local government councils in the state.