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Nigeria’s single-account policy ‘harming research’

Image: Philippe Put [CC BY-ND 2.0], via Flickr

Nigeria’s academics say the new Treasury Single Account policy is harming research in the West African country.

The federal government’s TSA policy was introduced on 15 September last year. It specifies that all ministries, agencies and institutions—including universities—have to remit all income and payments through one consolidated single account maintained by the Central Bank of Nigeria.

The policy was introduced to curb corruption but is causing serious damage to research activities, Nigerian academics say.

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