Nigeria Ecoinfo Blog

Government banking, cash flow arrangements and Public Financial Management (PFM) system are important factors for effective and efficient utilization and management of government’s financial resources. Ensuring the above is vital, especially, with regards to domestic financial resources mobilization for the implementation of economic development policies in developing economies like Nigeria. One of the internationally accepted pre-requisite mechanisms for guaranteeing efficient government fund management system is through the establishment of a unified structure of government bank accounts called Treasury Single Account (TSA) system. We shall in this assignment on Treasury Single Account (TSA) in Nigeria be discussing briefly the history and development of TSA in Nigeria, the working principles of Treasury Single Account (TSA) and, Finally, we shall be discussing the general benefits of Treasury Single Account (TSA), principally, as it relates to Nigeria’s quest fo

Presented here are the remaining five (5) of the top 10 important steps you must take before starting a business in Nigeria . 6.     Conduct a Feasibility Study: Feasibility study is the appraisal of the estimated cost and potential profit of a business idea or project.   A feasibility study in other words is an initial study of the viability or profitability of a business idea or project. Feasibility study comprises of different parts; it has a cover page that identifies the name of the business, date of the preparation of the feasibility, the business address of the business (business address of a business can be more than one), confidentiality clause is also included to protect idea theft. Others include an executive summary containing a synopsis of the proposed enterprise, business description, the product or services offered for sales is analysed (with regards to production process, substitutability, ownership, legal requirement and other distinct attribute of