Original Research Article | OPEN ACCESS

TREASURY SINGLE ACCOUNT AND PERFORMANCE OF FEDERAL GOVERNMENT OF NIGERIA: A PRE-POST ANALYSIS

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Received: November 25, 2019        Accepted: December 21, 2019        Published: December 31, 2019

Citation: TREASURY SINGLE ACCOUNT AND PERFORMANCE OF FEDERAL GOVERNMENT OF NIGERIA: A PRE-POST ANALYSIS. Account Tax Rev 2004; 3(4):70-83 doi:

© 2004 The authors.
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Abstract

This study examined the effect of Treasury Single Account (TSA) on the performance of federal government of Nigeria. The study comparatively evaluated three performance indices of the federal government (namely, revenue, capital investment and external reserve) during the pre and post TSA implementation periods. Data were sourced from the Central Bank of Nigeria statisticalbulletin reported on quarterly basis and were segregated into two periods: before and after TSA implementation in Nigeria. Test of difference of means was adopted in carrying out the comparative analysis with the aid of E-view statistical package version 7.1. Results revealed that the implementation of TSA has asserted a significant negative effect on the revenue generation of the federal government of Nigeria; it also indicated a negative but insignificant effect on the federal government’s capital investment and external reserve. The study thus holds that the implementation of TSA in Nigeria has not fared the federal government any better. It therefore,recommended (among others) that the federal government should strengthen the internal control system of the MDAs and engage in reorientation of public servants to be better disposed to operate the system rather than engaging private contractors (System Specs-Remita).

Keywords: Treasury Single Account, Government Revenue, Government Capital Investment, External Reserve, Economic Performance.