Treasury Single Account Research Articles

Media Coverage of Treasury Single Account Introduced by Abia State Government and Its Effect on Abia State University, Nigeria

This research brief focuses on the analysis of the media coverage of the introduction of the Treasury Single Account (TSA) by the Abia State Government and its impact on the Abia State University in terms of autonomy, salaries, research and academic activities. The implementation of the Treasury Single Account (TSA) has been the subject of intense media scrutiny, with attention focused on its implications for the autonomy of Abia State University. This study examines how the centralization of financial resources through the Treasury Single Account (TSA) framework can affect university decision-making processes, academic freedom and general governance autonomy. In addition, the research examines the effects of the Treasury Single Account (TSA) on the timely payment of salaries to university staff. By analyzing media reports and conducting interviews with stakeholders, the study aims to assess whether the implementation of the TSA has had an impact on the payment of wages, financial stability and employee morale in the university Furthermore, the study explores how the introduction of Treasury Single Account (TSA) has affected research activities in Abia State University. By examining media stories and academic publications, the research seeks to understand whether changes in financial management practices have affected the university's research output, funding opportunities and collaborative initiatives. Finally, the impact of Treasury Single Account (TSA) on academic activities in Abia State University is a major focus of this research. Through content analysis of media coverage and interviews with teachers and students, the study aims to assess whether financial reforms have improved or hindered the quality of teaching, learning experiences and the academic programs in the university. By examining the media coverage of the introduction of Treasury Single Account (TSA) and its effects on autonomy, salaries, research and academic activity in Abia State University, this research contributes to a deeper understanding of the implications of financial reforms in higher education institutions and provide policy makers with information. university administrators and stakeholders in the education sector.

Pre and Post Treasury Single Account (TSA) Implementation and the Nigeria’s Macroeconomic Performance

The paper examined the impact of pre- and post-TSA implementation on Nigeria’s macroeconomic performance. Robust regression estimates were used to analyze the sensitivity of both pre-TSA and post-TSA periods to three macroeconomic performance measures in Nigeria between 2007 and 2014 and 2015 and 2022, respectively. Meanwhile, a paired sample t-test was employed to determine whether the mean values of government total revenue, exchange rate, interest rate, and per capita income differed significantly. The results confirmed that federal government aggregate revenue plays a significant role in influencing Nigeria's macroeconomic performance. Additionally, the mean GTR increased from $8565.95 billion in the pre-TSA period to $9151.93 billion in the post-TSA period. However, this increase was not statistically significant, likely due to delays in TSA implementation. The exchange rate rose significantly, suggesting a notable devaluation of the Nigerian currency. Hence, it is imperative for the government to further strengthen the mechanisms of the TSA.

An Evaluation Of The Treasury Single Account (TSA) As An Instrument Of Financial Prudence and Management In Nigeria: Methodology Analysis (OAGF) 2015-2024.

This paper examines the Office of the Accountant General of the Federation and the relationship between the Nigerian economy and the Treasury Single Account Policy (2015-2024). The Nigerian economy has developed slowly over the years, which has led to little to no improvement in the country's residents' standard of living. The study's overall goal was to determine how the Treasury Single Account Policy affected Nigeria's economic developments between 2015 and 2024. Its specific goals were to determine whether the human development index, Gini coefficient, and poverty rate of the country's economy differed significantly between the pre-and post-implementation periods. The research utilized the design of the quantitative study. Nigerian citizens make up the study's population, while the citizens of Nigeria for the years 2015–2024 make up the sample size. The study employed secondary data that came from the World Bank's National Accounts Data, the National Bureau of Statistics, and the Central Bank of Nigeria's Statistical Bulletin. The paired sample t-test was used to assess the data. The outcome showed that, except the variable of human development index, which showed a significant difference between the periods before and after the implementation of the treasury single account policy, economic development indicators (gini coefficient and poverty rate) did not differ significantly between the periods before and after the policy. Consequently, the analysis found that the Treasury Single Using the poverty rate and Gini coefficient as stand-ins for economic development, account policy had no discernible effect on the Nigerian economy. Additionally, it was determined that the Treasury Single Account Policy had a major influence on Nigeria's economic development using the Human Development Index as a proxy for economic progress. Therefore, it was advised that government programs for human development be maintained and improved, particularly in the fields of health and education.

Treasury Single Account, New government liquidity management tool: Review Structure and Location in Selected Countries

Treasury Single Account, New government liquidity management tool: Review Structure and Location in Selected Countries

تحليل جدوى حساب الخزينة الموحّد في العراق – دراسة تجريبية حول تاثيرات واليات تطبيق الحساب والبنية الاساسية المتاحة له.

The Treasury Single Account (TSA) is one of the most important pillars of the Integrated Financial Management System (IFMIS), and it is one of the proven practices in the field of improving payment systems, collecting tax revenues, and controlling public spending appropriately through central dealing with the balances of free government bank accounts. The current research aims to determine the possibility of benefiting from this account by the Iraqi government by discussing the availability of the basis and technical capabilities for implementing this account in Iraq, while indicating the expected repercussions on the efficiency of public financial management in the economy and the extent of the ability to raise the level of benefit from monetary resources. The research was used. The inductive analysis approach, adopting the quantitative method in collecting data, analyzing it, and drawing conclusions from it, and the research reached an important conclusion that the use of the unified treasury account in Iraq can positively support the issues of debt service, liquidity levels, and credit capacity in the country. The research recommended the need to apply the mixed method ( Between central and decentralized) for the account because it is compatible with the financial infrastructure currently available in the country.

Tax Revenue Generation and Economic Growth: A Pre and Post Treasury Single Account Implementation in Nigeria

Tax Revenue Generation and Economic Growth: A Pre and Post Treasury Single Account Implementation in Nigeria

A Study of the Effect of the Treasury Single Account on Commercial Banks Deposits and Lending in Zambia

The implementation of the Treasury Single Account (TSA) in Zambia brought about drastic changes in the management of public funds. The Bank of Zambia assumed custodianship of public funds while Commercial Banks remain revenue collection agents throughout the country. This study investigated the effect of the TSA on Commercial Banks Deposit Mobilization and Lending in Zambia. Secondary and Time series data were collected from the Bank of Zambia (BOZ) annual reports covering the pre- and post-TSA implementation eras, over a ten-year period (2010-2019). The independent variable was represented by Government Deposits (representing the TSA), while aggregate Commercial Banks Deposits and Loans and Advances were the dependent variables. The data were analysed using descriptive, regression and correlation analysis, with the aid of IBM SPSS Statistics version 28. The findings of the study revealed that Government Deposits have a significant positive effect on Commercial Banks Deposit Mobilization [(P-value 0.001; (CI: 95%)]. The study also revealed that Government Deposits have significant positive effect on Commercial Banks Loans and Advances [(P-value 0.001; (CI: 95%)]. The trend analysis on Government Deposits further revealed a slow growth in Government Deposits after TSA implementation compared to the pre-TSA period. The trend analysis on Loans and Advances also revealed a slower growth in Loans and Advances during the post –TSA era. The study therefore concluded that the TSA which aims to withdraw Government Deposits from Commercial Banks has a negative effect on Commercial Bank Deposits and their lending ability. The study recommended that banks should develop strategies to attract private sector deposits, to fill the void created by the implementation of the TSA. Banks should come up with innovative solutions to tap into the unbanked population. It is important that banks develop attractive savings products to encourage the culture of saving among citizens. The study further recommended that the Ministry of Finance should consider allowing Commercial Banks involved in revenue collection, a few days float before revenue is remitted to the main TSA account at Bank of Zambia (BOZ).

The Influence of Treasury Single Account Implementation on Public Sector Performance: A Case Study of Selected Parastatals in South East Nigeria (2010-2019)

This study delved into the effect of Treasury Single Account (TSA) on public sector performance in selected parastatals in South East Nigeria (2010-2019). The broad objective of this study was to ascertain the effect of Treasury Single Account (TSA) on public sector performance in selected parastatals in South East Nigeria. Consequently, four research questions and four hypotheses were formulated to guide the study. Survey design was adopted for the study. Area of the study is South East Nigeria, population of the study was 1,548 staff drawn from Boards of Internal Revenues (BIRs) of the five States in South East. Stratified random sampling was used to derive 713 respondents for the study. Instrument for data collection was self-structured questionnaire. Mean and standard deviation was used to answer research questions while ANOVA and Z-test statistic was used to analyze hypotheses. The result based on empirical analysis revealed that treasury single account had positive effect on fraud detection in Parastatals in South East Nigeria, treasury single account had positive effect on revenue mobilization in Parastatals in South East Nigeria, treasury single account had positive effect on blockage of financial leakages in Parastatals in South East Nigeria and treasury single account had positive effect on financial savings in Parastatals in South East Nigeria. Thus, the study concluded that fraud detection, revenue mobilization, financial leakages and financial savings have been affected in Parastatals in South East Nigeria as result of Treasury single account (TSA). Based on the findings, the following recommendations among others were proffered: Government should ensure timely release of operational funds to encourage MDAs to support the TSA Policy. This can be achieved through the use of treasury bills (T-bills) or other short-term borrowing instruments aimed at offsetting the impact of TSA implementation on government cash flows and there should be full implementation of TSA in all states ministries, Departments and Agencies (MDAs). Partial implementation in many states as was observed by the researcher during field work should be discouraged. The gains of TSA cannot be overemphasized. Keywords: Treasury Single Account, Accountability, Public Sector, Revenue, Savings, Parastatatal.

Impact of Treasury Single Account on Public Finance Management in Nigeria. Pre and Post Implementation Analysis

This study examined the impact of Treasury Single Account (TSA) on the public finance management in Nigeria. The study investigated how the implementation of TSA in Nigeria affected revenue collection, public cash management, federation account allocation and corruption control in Nigeria. The paper used secondary data collected from Central Bank of Nigeria statistical bulletin and transparency international from 2010-2014 (pre adoption period) to 2015-2019 (post-adoption period). T-test statistical technique was employed to analyze the data. The findings of the study revealed that TSA has a negative and insignificant effect on government revenue, public cash management, federal account allocation, as well as corruption control in Nigeria. The study recommends that government should strengthen the system of implementation of TSA in Nigeria and all resources of leakages to total government revenue should be investigated forensically and such loopholes filled. Moreover government should devise other means of cash management and reduce so much reliance on TSA implementation.

Treasury Single Account and Banks’ Stability in Nigeria

Treasury Single Account and Banks’ Stability in Nigeria

Examining the progress of treasury single account in preventing financial leakages in public offices in Nigeria

Examining the progress of treasury single account in preventing financial leakages in public offices in Nigeria

The politics of treasury single account and probity: Periscoping University of Nigeria Teaching Hospital Enugu Nigeria

Financial rascality and improper accountability has bedeviled Nigeria for decades. Several efforts have been made by successive administrations and regimes to address corruption and financial rascality in Nigeria has not yielded significance fruit. When the Muhammadu Buhari led administration came on board, it quickly formulated the policy of Treasury Single Account (TSA) to stem down the tide of financial rascality. Therefore the study examines the politics of single treasury account and performance of University of Nigeria Teaching Hospital Enugu Nigeria. The study adopted survey research design. Questionnaire, face- to- face interview and focus group discussion guide were the major tools used to elicit data from respondents. Data elicited were analyzed with the aid of parametric and descriptive statistics. The study revealed among other things; that treasury single account has not significantly mitigated fund misappropriation in University of Nigeria Teaching Hospital Enugu. The study further revealed that treasury single account has not significantly enhanced performance of University of Nigeria Teaching Hospital Enugu. It is therefore the position of the study that the adoption of TSA should be rejigged and reformed to enable it achieve the intended objectives. Also Government machinery should be set in motion to rejig the implementation of TSA, especially in the area of probity and accountability. There is also need to ensure that allocation of financial resources to different units are monitored and effective feed-back mechanism established to ensure that the desired performance is achieved in University of Nigeria Teaching Hospital Enugu

AN ASSESSMENT OF THE IMPLEMENTATION OF THE TREASURY SINGLE ACCOUNT ON GOVERNMENT FINANCES BY THE GOVERNMENT OF SIERRA LEONE

AN ASSESSMENT OF THE IMPLEMENTATION OF THE TREASURY SINGLE ACCOUNT ON GOVERNMENT FINANCES BY THE GOVERNMENT OF SIERRA LEONE

Institutional Corruptionand Economic performance Nexus:AnEmpirical analysis with evidence from Nigeria

Corruption has emerged as a multifaceted challenge severely impacting the Nigerian economy in recent times. The impetus behind this study stems from the recognition that no sector, whether private, public, local or traditional institution can claim to be free from corruption. The primary objective is to examine the potential repercussions of institutional corruption on the productive performance of the Nigerian economy. Employing the Ordinary Least Squares (OLS) methodology and rooted in the endogenous growth theory, the study underscores that corruption is a hindrance to economic performance in Nigeria, as supported by evidence-based research and documented cases of corrupt practices in the country.In summary, the comprehensive view reveals that corruption detrimentally affects Nigeria's economic performance in various aspects. The study concludes that the effectof corruption on the productive performance of Nigeria is alarming and has manifested adverseconsequences for the economyand if Nigeria fails to combat corruption, the nation risks facing dire consequences due to its pervasive presence.The policy recommendations emphasizedthatthe Nigeria government should streamline and harmonize all forms of monetary transactions and payments in the country using the treasury single account (TSA), National identification number (NIN), the bank verification number (BVN) and all forms of electronic payment systems into a single digital platform and link such digital platform with the various anti-graft agencies for periodic monitoring. This will drastically reduce corruption and transactions with physical cash.Secondly, the Nigerian governmentshouldto demonstrate the political will to prosecute individuals involved in corrupt practices, regardless of their tribe, religion, or political affiliation. Such stringent actions are crucial as deterrents for others. These findings align with the ongoing institutional restructuring agenda widely advocated in Nigeria.

An Evaluation of the Implementation of the Treasury Single Account System in Zambia: A Case Study of Selected Government Ministries

The study sought to empirically evaluate the implementation of the Treasury Single Account System in Zambia. The study employed an exploratory research design and utilised the purposive sampling method. The findings revealed that the TSA has resulted in better management of government cash resources. However, despite being effective in the implementation of the TSA the findings show that it has its challenges. The findings have shown that the TSA has been consistent with international best practices. It can be concluded that the TSA has to overcome the shortcomings cited to become more effective in its operation in Zambia. The study recommended that the Government should continue to operate with the principles of TSA because of the positive influence it has on the effectiveness of public finance management in areas of fraud control, accurate accounting, budgetary control, effective cash management and the coverage of the TSA be extended, with the necessary modifications, to cover the local government for effective and efficient management of public finance especially in the areas of fraud control, accurate accounting, budgetary control and cash management.

Electronic Payment Systems and Money Deposit Banks’ Deposits Mobilisations in Nigeria

This study examined the effect of electronic payment systems on money deposits banks’ deposits mobilizations in Nigeria. The study modelled deposits mobilizations of banks in Nigeria as a function of two key variables; money supply (M2) and Remita payment transaction value, with payment transaction values of NIBSS (Nigeria Inter-Bank Settlement System) instant payments (NIP) and National Electronic Fund Transfer (NEFT) as control variables. Secondary data were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin. The study employed ordinary least square (OLS) regression method to analyze the data. Findings from the study revealed that Remita payment transaction value is not good predictor of deposits of banks Nigeria with p-values = 0.3732 >0.05 critical value as it had a negative linear relationship with money deposit banks’ deposits mobilizations. NEFT payment transaction value is not good predictor of deposits of banks Nigeria with p-values = 0.4434 >0.05 critical value as it had a negative linear relationship with money deposits banks’ deposits mobilizations. However both money supply and National Instant Payment (NIP) recorded positive linear relationship with deposits of banks in Nigeria. Furthermore, the findings from the causality test indicated no directional causality between money supply, NEFT, NIP and deposits of banks in Nigeria but causality runs from Remita payment transaction value to deposit of banks in Nigeria. Consequently, the study concluded that, there is no significant linear relationship between electronic payment systems and deposits mobilizations of deposits money banks in Nigeria. Thus, the study recommended that Federal Government of Nigeria as part of her current modifications in monetary and fiscal policies should mandate all states and local governments to adopt Treasury Single Account (TSA) policy and subsequently patronize Remita payment channel as done by the Federal Government of Nigeria.

Public Sector Organizational Performance in Nigeria: A Benefit-Cost Involution Implementation of Treasury Single Account (TSA)

The study examined the benefit-cost involution of the implementation of treasury single account in respect to public sector organizational performance in Nigeria. As a descriptive research work with heavy dependence on secondary data, after due introduction and conceptualization of the key concepts of the research study - Treasury Single Account and Public Sector Organization, retrospect of Nigerian public sector organizations, rational for the adoption of TSA in public sector organizations in Nigeria, preconditions for setting up TSA, functions of TSA, types of account under a TSA System, and operation of TSA in public sector organizations in Nigeria were examined. The findings of the study revealed that the operation or implementation of TSA in public sector organizations in Nigeria has its own benefits and costs. Therefore, for the benefits of implementing TSA in public sector organizations in Nigeria to over poise the costs, the study recommended that the federal government should show the political will to assure the policy's long-term viability, as well as tenaciously push TSA implementation at both state and local government levels across the country to ensure the success of TSA policy in promoting public sector organization performance in Nigeria among others.

The determinants of banking sector performance in Tanzania: A pre-post Treasury Single Account analysis

The determinants of banking sector performance in Tanzania: A pre-post Treasury Single Account analysis

Accounting reforms and public financial management of federal government agencies in Bayelsa State

The study investigates the relationship between Accounting reforms and Public Financial Management of Federal Government Agencies in Bayelsa State. The target of the study is Federal Government Agencies in Bayelsa State. The study adopts judgmental sampling techniques to select 100 respondents from the study population. A total of 100 copies of structured questionnaires were distributed to the respondents and 83 copies were effectively recovered. The study utilized descriptive statistics to analyze respondent bio-information and univariate analysis, while Pearson product moment correlation regression analysis were used to test the hypothesis formulated. The findings shows that; there is a significant relationship between treasury single account and public revenue management; that there is a significant relationship between international public sector relationship between accounting reforms and public financial management of Federal Government Agencies in Bayelsa State. The study concludes that Accounting reform is Government mechanism which enhances efficient public financial management and accountability. All Federal Government Agencies should comply and adopt international public sector accounting standard. Government should continuously review current accounting reforms and seek for alternative where there is weakness in the platform

Exploring Public Servants' Perceptions of the Treasury Single Account (TSA) as a Catalyst for Public Sector Accountability in Nigeria

Exploring Public Servants' Perceptions of the Treasury Single Account (TSA) as a Catalyst for Public Sector Accountability in Nigeria