ABSTRACT

Government is saddled with the responsibility of being accountable to its citizenry through effective and efficient service delivery.  In order to achieve this goal, government enacted the Treasury Single Account (TSA) policy for mobilization of government revenue.  The objective of this study is to assess the implication of adoption of TSA on accountability and transparency in Nigerian Public Sector with a view to find out if the policy is capable of promoting government accountability function.  The study consist of ministries, Departments and Agencies (MDAs) in the public service with sample size of fifty six (56) staff selected from various MDAs involved in revenue generation selected using simple random sampling techniques.  The hypothesis were tested using chi-square analysis. The findings of the study showed that TSA significantly impacted positively on financial leakages, transparency and curb financial misappropriation.  Hence, considering the findings of this study, it is recommended that government should continue to sustain the adoption of the policy and enact laws that will extend it to state and local governments level.

Keywords:  Treasury Single Account (TSA) Accountability, Transparency, Funds, Public Sector.

TABLE OF CONTENTS

Pages

Title Page        -           -           -           -           -           -           -           -           -           i

Declaration      -           -           -           -           -           -           -           -           -           ii

Certification    -                       -           -           -           -           -           -           -           iii

Dedication      -           -           -           -           -           -           -           -           -           iv

Acknowledgements    -           -           -           -           -           -           -           -           v

Abstract          -           -           -           -           -           -           -           -           -           vii

Table of Contents       -           -           -           -           -           -           -           -           viii

List of Tables              -           -           -           -           -           -           -           -           xii

CHAPTER ONE: INTRODUCTION

1.1       Background of the Study       -           -           -           -           -           -           1

1.2       Statement of the Problem       -           -           -           -           -           -           4

1.3       Objectives of the Study          -           -           -           -           -           -           5

1.4       Research Questions     -           -           -           -           -           -           -           6

1.5       Research Hypothesis   -           -           -           -           -           -           -           6

1.6       Significance of the Study       -           -           -           -           -           -           7

1.7       Scope of the Study     -           -           -           -           -           -           -           7

1.8       Limitation of the Study          -           -           -           -           -           -           8

1.9       Definition of Operational Terms         -           -           -           -           -           8

CHAPTER TWO: LITERATURE REVIEW

2.1       Conceptual Framework           -           -           -           -           -           -           11

2.1.1    Characteristics of Treasury Single Account (TSA)     -           -           -           13

2.1.2    History of Treasury Single Account (TSA) in Nigeria -         -           -           13

2.1.3    Treasury Single Account and Ministries Departments and Agencies             17

2.1.4    Custody of Treasury Single Account -           -           -           -           -           18

2.1.5    Types of bank accounts under Treasury single account          -           -           19

2.1.6    Implementation of TSA; Basic Steps -           -           -           -           -           22

2.1.7    Problems and Benefits of TSA           -           -           -           -           -           23

2.2       Theoretical Framework of Analysis    -           -           -           -           -           26

2.3       Empirical Review        -           -           -           -           -           -           -           33

CHAPTER THREE: RESEARCH METHODOLOGY

3.1       Research Design         -           -           -           -           -           -           -           45

3.2       Population of the Study          -           -           -           -           -           -           45

3.3       Sampling and Sampling Technique     -           -           -           -           -           46

3.4       Sources of Data          -           -           -           -           -           -           -           46

3.5       Instrument for Data Collection           -           -           -           -           -           46

3.6       Reliability of Research Instrument     -           -           -           -           -           47

3.7       Validity of Research Instrument        -           -           -           -           -           47

3.8       Administration of Instrument -           -           -           -           -           -           47

3.9       Method of Data Analysis       -           -           -           -           -           -           48

3.10     Decision Rule  -           -           -           -           -           -           -           -           49

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND FINDINGS

4.1       Data on Distributed Questionnaire     -           -           -           -           -           50

4.2       Research Questions     -           -           -           -           -           -           -           52

4.3       Research Hypothesis   -           -           -           -           -           -           -           55

 4.4      Discussion of Findings           -           -           -           -           -           -           55

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1       Summary of Findings -           -           -           -           -           -           -           58

5.2       Conclusion      -           -           -           -           -           -           -           -           59

5.3       Recommendation        -           -           -           -           -           -           -           62

5.4       Suggestion for Further Studies           -           -           -           -           -           64

            References      -           -           -           -           -           -           -           -           65

            Appendix        -           -           -           -           -           -           -           -           67

LIST OF TABLES

Pages

Table 4.1: Gender       -           -           -           -           -           -           -           -           50

Table 4.2:  Staff          -           -           -           -           -           -           -           -           51

Table 4.3: Position in the Ministry      -           -           -           -           -           -           51

Table 4.4: Years of Experience           -           -           -           -           -           -           52

Table 4.5:  Response Rate on Effect of TSA on Management           -           -           52

Table 4.6: Response Rate on Implementation of TSA           -           -           -           53

Table 4.7: Responses on Disadvantages of TSA        -           -           -           -           54

Table 4.8:  Test Statistics        -           -           -           -           -           -           -           55

CHAPTER ONE

INTRODUCTION

1.1       Background of the Study

            Basically, it is agreed that finance is the main stay of any economy be it private or public sector.  It is equally true that no meaningful development could be achieved without finance and proper management, as a result of this,, many organizations established different systems of control to ensure smooth running of their businesses of which the federal sector of Nigeria governments adopts Treasury Single Accounts to manage it public funds.

            The number of policies, law or regulations shows the extent and number of times those charged with governance of organizations, states or countries have active e infraction with respect to the ways and manners people carry on their statutory duties.

            In 2015, Central Bank of Nigeria issued a circular directing all deposit money banks to implement the Remita e-collection platform which is a technology deployed by the Federal Government to support the collection and remittance of all government revenue to a consolidated Account domiciled with the CBN, this marked the beginning of the full implementation of Treasury Single Account (TSA) system in Nigeria.

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