AN APPRAISAL OF TREASURY SINGLE ACCOUNT AS A CATALYST FOR SUSTAINABLE ECONOMIC GROWTH IN NIGERIA
Authors:
Olaniyi, Oladimeji Bukola
Abstract:
This study examined the Treasury Single Account (TSA) and its performance in a sustainable economy. Specifically, this paper attempts to explore the extent to which the TSA promotes transparency and accountability in public financial management and also enhances sustainable economic growth in Nigeria. This study was narrowed to the of Federal Ministries Departments and Agencies (MDAs) located in Ibadan metropolis, Oyo State. The primary source of data was used and out of one hundred and fifty (150) questionnaires that were distributed, 128 were received and only 122 that were fully filled were used in data analysis with the use of Average Mean Score, standard deviation and Z test statistical tool. The major result of the hypotheses tested showed that; Treasury Single Account has a significant impact on transparency and accountability in public financial management with (Zcal (10.36 ) > Stab (1.645) at significant level 0.05 ) and also treasury Single Account enhances sustainable economic growth in Nigeria (Zcal (11.05) > Stab (1.645) at significant level 0.05 ) Findings from the analysis of the data indicate that TSA promotes transparency and accountability in public financial management and also ensure sustainable economic growth in the country. To this end, it is recommended that; Government should ensure the implementation and sustainability of the TSA policies and principles in the three tiers of government in Nigeria.