President Muhammadu Buhari has ordered all Federal Government Ministries, Departments and Agencies to open a Treasury Single Account (TSA) and start paying in all government revenues, incomes and other receipts.
According to the directive, this measure is specifically to promote transparency and facilitate compliance with sections 80 and 162 of the 1999 Constitution.

A Sunday statement from the Office of the Vice President, Professor Yemi Osinbajo, said, “Henceforth, all receipts due to the Federal Government or any of its agencies must be paid into TSA or designated accounts maintained and operated in the Central Bank of Nigeria (CBN), except otherwise expressly approved.”

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