Abstract: This paper examined the implementation dynamics and its impact on TSA in Nigeria. The descriptive survey design was adopted and convenience sampling technique was employed in selecting 520 employees from finance and administration units in federal government ministries, departments and agencies (MDAs) in Bayelsa State, Nigeria. Descriptive and inferential statistical techniques were used in the analysis of data. Based on the analysis, it was found that there are implementation dynamics that impact on TSA in Nigeria. Specifically, the implementation challenges facing the TSA in Nigeria among others are lack of sincerity on the part of government, legal barrier, huge revenue earned by Remita, lack of accountability and transparency of Remita and the government. Though, these challenges have threatened the sincerity and confidence of the TSA.Importantly, it was found that there is significant impact of TSA in Nigeria, which has been felt in areas of reduction in fund embezzlement, misappropriation, leakages and irregularities in ministries, departments and agencies and organizational secrecy relating to the management of public finances in Nigeria. Based on the findings, it was recommended that the government should improve on the mechanisms of TSA in order to further sustain and promote transparency in the manner in which the funds are generated and expended. Also, there is the need to revisit the huge revenue earned by Remita and minimizing the legal barriers associated with TSA in Nigeria.
Keywords: Treasury single account; Nigerian government; e-Payment; e-Collections.
Title: IMPLEMENTATION DYNAMICS AND IMPACT OF TREASURY SINGLE ACCOUNT (TSA) IN NIGERIA
Author: AKPOTU, Christopher Ph.D, ATAGBORO, Emmanuel
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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