For correspondence:-
Received: 27 April 2018 Accepted: 30 May 2018 Published: 30 June 2018
Citation: Treasury Single Account and Deposit Money Banks in Nigeria. Account Tax Rev 2003; 2(2):91-100 doi:
© 2003 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..
Abstract
The study provides an appraisal of Treasury Single Account in Nigeria. The study employs primary data as questionnaire were administered to the employees of five new generation banks such as Zenith Bank Plc, Access Bank Plc, Fidelity Bank Plc, Guarantee Trust Bank Plc and Diamond Bank Plc to elicit necessary information on the effectiveness of TSA in promoting economic development. A major finding of the study was that the application of TSA enhances economic development in Nigeria. It was recommended that the federal government should use professionals and regulatory bodies to design and implement TSA system at the state level.