The Impact of Treasury Single Account (TSA) on Public Sector Performance in Nigeria
The Impact of Treasury Single Account (TSA) on Public Sector Performance in Nigeria

Summary/Abstract: This study examined the impact of treasury single account (TSA) on public sector performance in Nigeria. Specifically, this study analyzed the effect of treasury single account on budget execution; accountability and cash management in Nigeria public sector. This study made use of primary data sourced from 300 randomly selected respondents from government parastatals, agencies and ministries across six southwest states in Nigeria. Data were collected with the use of structured questionnaire. Collated data were analyzed with the use of percentage/frequency count and ANOVA regression analysis. Result showed that TSA adoption exert significant positive effect of budget execution (0.794; p < 0.05); level of accountability (0.750, p < 0.05), and cash management (0.960, p < 0.05) in Nigeria public. The study therefore concluded that treasury single account has substantial positive impact on performance of Nigeria public sector. Hence this study recommends the need for government to strengthen guidelines for the full implementation of the policy so as to ensure long term sustenance of the policy across the country. In addition there is need for government to engage in objective public enlightenment about the importance of the policy. Government should also overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the TSA so as to further harness the benefit of centralize control of funds across the country.

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