By Justina Auta
Comfort Adaora-Okafor, Co-founder and Board Member of Policy Shapers, has urged stakeholders to safeguard the gains of the Treasury Single Account (TSA).
Adaora-Okafor, also board member, Policy Alert and International Food and Agribusiness Management Association made the call in a statement on Wednesday in Abuja.
She described the TSA as proof that indigenous reforms can deliver measurable benefits to citizens.
She said that the operational success of the TSA demonstrated that Nigeria possessed the technical expertise required to deliver world-class public finance solutions.
According to her, the operational success of the TSA makes it clear that Nigeria possesses the technical expertise to deliver world-class public finance solutions.
“The constraint is not capacity, but political will. Governments can design robust systems, enforce accountability, and maintain transparency.
”What often falters is the sustained commitment to implement, monitor, and protect these reforms against entrenched inefficiencies and vested interests.”
She said that the major challenge to sustaining reforms was not capacity but political will, adding that the governments have the ability to design robust systems, enforce accountability and maintain transparency.
She, however, said that sustained commitment to implementing, monitoring and protecting such reforms often weakened due to entrenched inefficiencies and vested interests.
”Confidence in indigenous solutions drives momentum. When policymakers, technocrats, and citizens believe that local innovations can solve systemic challenges, they act decisively rather than defer to external interventions.
”Conversely, reliance on foreign models fosters dependency, delays reform, and undermines ownership,” she said.
She said that confidence in indigenous solutions encouraged decisive policy action, while excessive reliance on foreign models could delay reforms, foster dependency and undermine national ownership.
“The TSA proves that when local competence is paired with political resolve, transformative outcomes are achievable and measurable,” she said.
Okafor said that several countries across Africa and beyond were studying Nigeria’s treasury consolidation framework as a benchmark for fiscal governance.
She said that the system had shown how consolidation, real-time visibility and strict accountability could function effectively in a developing economy.
She described the TSA as auditable, scalable and replicable.
“Protecting and expanding the system remains a governance imperative because every Naira safeguarded translates into more resources for infrastructure, public services and development priorities,” she said.
The policy expert also called on governments, civil society, the media and finance professionals to sustain advocacy for the reform by tracking its performance, amplifying its successes and guarding against policy reversals.
She said that safeguarding the TSA was a national imperative, noting that indigenous solutions, when rigorously implemented, delivere results that directly impact citizens and strengthen long-term economic stability.
” Every Naira safeguarded translates into more resources for public services, infrastructure, and development priorities.
” The TSA is proof that indigenous solutions, when implemented rigorously, deliver results that matter to every citizen. As stakeholders in public finance, we must safeguard this achievement,” she said. (NAN) (www.nannews.ng)
Edited by Kadiri Abdulrahman
