THE IMPACT OF TREASURY SINGLE ACCOUNT ON BANKING SECTOR FOR ECONOMIC GROWTH

ABSTRACT 

Over  years, Nigeria’s  public  funds  have not been properly  accounted for. This has drastically increased the cost of governance. There is no gain saying the fact that,  the  cost  of  governance  in  Nigeria  is  too  high  and  has  in  no  small  way hindered  the  Nation’s  development  both  human  and  infrastructural.  It  is  also one of the reasons why corruption has eaten deep into the fabrics of our society. To  eliminate  or  minimize  this  menace,  the  Federal  Government  of  Nigeria Implemented  in  2015.  The  objective  of  this  paper  is  to  examine  of  Treasury Single Account on cost of governance. The paper is qualitative in nature, relying on secondary sources. It is anchored on Stakeholder Theory. The paper observes that increase on the cost of governance is not basically as a result of over-bloated bureaucracy rather corruption can  be  considered major  cause of the increase therefore is primarily to ensure accountability of government revenue, enhance transparency and avoid misappropriation of public funds. The paper notes that with  the  TSA  government  expects  to  block  all  loopholes  and  leakages  of financial  resources  of  the  government  and  also  ensure  a  robust  financial management  system.  It  observes  further  that  will  help  to  ensure  proper  cash management by eliminating idled funds usually left with different deposit money banks and in a way enhance reconciliation of revenue collection and payment. The paper concludes that is a reliable means of public fund management that will govern the management, allocation and application of government funds to people oriented projects that will result in economic development and improve living  standards  of  Nigerians.  The  paper  recommends  among  others  that successful implementation of requires political will, honesty and determination on the part of government so as overcome the various challenges identified in the paper in order to achieve the expected benefits of the system through reduction in the cost of governance in Nigeria and revolutionize our society for better? 

TABLE OF CONTENT

Title Page                                                                                          I

Certification                                                                                     II

Dedication                                                                                        III

Acknowledgement                                                                           IV

Abstract                                                                                            V

Table of Content                                                                              VI-VIII

CHAPTER ONE                                                                              1-6

1.1 Introduction to the Background of the Study                                       1-2

1.2 Statement of Problem                                                                           3

1.3 Aim and Objectives of Study                                                      4

1.4 Research Question                                                                      4

1.5 Research Hypothesis                                                                   4-5

1.6 Significance of Study                                                                            5

1.7 Scope of Study                                                                                     5

1.8 Limitation of Study                                                                   5

1.9 Definition of Terms                                                                   5-6

 

CHAPTER TWO                                                                                      7-18

REVIEW OF RELARE LITERATURE

2.1 Introduction                                                                                7

2.2 Theoretical Frame Work                                                             7-11

2.3 The Concept of Treasury Single Account                                   11-16

2.4 Implication of treasury single account to the Nigeria economy   16-18

 

CHAPTER THREE                                                                        19-21

RESEARCH METHODOLOGY

3.1 Introduction                                                                                19

3.2 Study Area                                                                                 19

3.3 Research Design                                                                          19-20

3.4 Population of the Study                                                              20

3.5 Population Size and Technique                                                   20

3.6 Data Collection Method                                                              20

3.7 Data Analysis                                                                             20

3.8 Limitation                                                                                   21

 

CHAPTER FOUR                                                                           22-29

4.1     DATA PRESENTATION, ANALYSIS, AND INTERPRETATION

 

CHAPTER FIVE                                                                                      30

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Summary                                                                                    30

5.2 Conclusion                                                                                  30

5.3 Recommendation                                                                         30

 

REFERENCES                                                                                31-32

APPENDIX I                                                                                    33

APPENDIX II                                                                                  34-36

QUESTIONNAIRE