Abstract: This study is on the relationship between treasury single account policy and the Nigerian economy for the period of 2010–2019. Over the years, the Nigerian economy has recorded a slow pace in development thereby resulting in a little or no increase in the quality of life and the well being of its citizens The general objective of the study was to ascertain the impact of treasury single account policy on economic developments in Nigeria for the period of 2010-2019; while the specific objectives were to examine if there exist any significant difference in human development index, gini coefficient and poverty rate of the Nigerian economy for the period before and after the implementation of treasury single account policy Nigeria. The study made use of the quantitative research design. The population of the study involves the citizens of Nigeria, while the sample size involves the citizens of Nigeria for the period of 2010-2019. Secondary data were used for the study and it was sourced from the Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics and World Bank National Accounts Data.The data were analyzed using the paired sample t-test. The result revealed that economic development indicators(gini coefficient and poverty rate) had no significant difference between the periods before and after the implementation of treasury single account policy, except for the variable of human development index which had a significant difference between the periods before and after the implementation of treasury single account. The study therefore concluded that treasury single account policy had no significant impact on the Nigerian economy using gini coefficient and poverty rate as proxies for economic development. It also concluded using human development index as a proxy for economic development that treasury single account policy had a significant impact on economic development in Nigeria. It was therefore recommended that human development policies of government should be sustained and enhanced upon especially in the areas of health and education.
Keywords: Treasury single account, economic development, human development index, gini coefficient, poverty rate.
Title: TREASURY SINGLE ACCOUNT AND ECONOMIC DEVELOPMENT IN NIGERIA: AN EMPIRICAL ANALYSIS (2010-2019).
Author: Okoh, Macdonald Osarhemen, Dr.Mustapha Isiedu, Ahmed Olufemi Usman
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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