Treasury Single Account – Transparency and Accountability in Public Finance Management in Nigeria: The Journey So Far

Igbokwe-Ibeto, Chinyeaka Justine; Nkomah, Barisua Barry; Osakede, Kehinde Ohiole; Kinge, Ruth Fanny

doi:10.4102/apsdpr.v4i2.116

Cited by 4 publications

(3 citation statements)

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“…Treasury single account is a public accounting system, under which all government revenue, receipts and income are collected into a single account, usually maintained by the country's Central Bank (Igbokwe-Ibeto, Nkomah, Osakede & Kinge, 2016). TSA is a bank account or set of linked accounts through which the government transacts all its receipts and payments and is able to get a consolidated view of its position at any given time.…”

Section: Introductionmentioning

confidence: 99%

Effect of Treasury Single Account (TSA) on Corruption in the Nigerian Public Sector

Ivungu¹,

Ganyam²,

Agbo³

et al. 2020

IJARBSS

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This study examines the effect of treasury single account (TSA) on corruption in the Nigerian Public Sector. The extent to which TSA has affected the Corruption Perception Index (CPI) in Nigeria triggered this study. Data were obtained from Transparency International from 2012 to 2014 (before TSA adoption) and 2016-2018 (after TSA adoption), with 2015 as the base year. Data were analysed using descriptive statistics and paired samples t-test statistics. The study findings revealed that there is no significant difference in the mean of corruption perception index (CPI) before and after TSA adoption in Nigeria. The study concludes that TSA has not significantly reduced corruption in the Nigerian public sector. The study recommends that the Federal government should strengthen the judiciary, police, anti-graft agencies and the media in the country to tackle the issues of corruption and ensure transparency, probity and timeliness in handling corruption related cases.

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Section: Introductionmentioning

confidence: 99%

Effect of Treasury Single Account (TSA) on Corruption in the Nigerian Public Sector

Ivungu¹,

Ganyam²,

Agbo³

et al. 2020

IJARBSS

View full text Add to dashboard Cite

show abstract

“…In most developing countries including Nigeria thus provoking consideration for the adoption of single treasury account (Igbokwe-Ibeto, Nkomah, Osakede, & Kinge, 2017;Ekubiat, & Ime, 2016), Treasury single account (TSA) is a public accounting system under which all government revenue, receipts, income are collected into one single account. It is usually maintained by the country's Central Bank and all payments are made through this account.…”

Section: Introductionmentioning

confidence: 99%

“…Treasury single account (TSA) is an accounting policy that ensures adequate and efficient mobilization of public resources across all departments, ministries and agencies. Treasury single account tends to spur transparency and accountability in a government department, agencies and ministries, if well-structured and implemented (Igbokwe-Ibeto et al, 2016). As pointed out by Helen, Amenawo and Bassey (2017), Nigeria as a developing nation had over time struggled with the burgeoning rate of fund embezzlements in several quarters of the public sector, which ultimate was the sine-qua-non for the establishment of several control agencies including Code.…”

Section: Introductionmentioning

confidence: 99%

Treasury Single Account: A Nudge towards Public Sector Accountability in Nigeria

Akinleye¹,

B²,

O³

2018

JEBS

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This study examined treasury single account, as a nudge towards public sector accountability in Nigeria. Specifically, the study analyzed the influence of adoption of treasury single account on the effectiveness of cash management, reduction of fraudulent activities and improvement in the level of accountability in the Nigerian public sector. The study made use of primary data collected through the use of a questionnaire, based on a sample of 400 respondents randomly selected from government parastatals, departments, institutions and ministries, across the six southwest states in Nigeria. Data collected were analyzed with frequency and percentage response analysis. The result showed that adoption of treasury single account provoked effective management of cash, sustained a considerable reduction in the level of fraudulent activities and aided improved level of accountability in the Nigerian public sector. Thus, there is no doubt that treasury single account is a nudge towards public sector accountability in Nigeria. Therefore, the government can further harness the potency of centralize control of public resources to birth a corrupt free society, where utmost accountability and transparency of resources mobilization and management can be attained.

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Climate change, food security and sustainable human development in Nigeria: A critical reflection

Igbokwe-Ibeto

2019

APSDPR

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Background: Nigeria is abundant in numerous agro-ecological resources, which should make it a major exporter of food items in the world. Regrettably, it has become a major food importer as a result of food scarcity. The state of food production in the country is worsened by the phenomena of climate change and global warming. These developments have deleterious effects on agricultural activities in general and food production in particular. While there are policies and agencies in the country to combat these developments, it appears they have proved ineffective in the face of increasing inconsistency in government policies, climate change and global warming. The effect of all these phenomena on human development cannot be overemphasised. A nation that cannot feed its population cannot promote development.Aim: It is against this background that this article, within the framework of dependency theory, examines the issues of climate change, food security and sustainable human development in Nigeria.Setting: This research is descriptive in nature in the sense that it provides a detailed account of policies on climate change and food production in Nigeria. It is also exploratory because over 29 research studies were consulted and analysed in order to establish the relationship between climate change, food security and sustainable human development in Nigeria.Methods: This article utilises qualitative, descriptive research methods. This article, which is theoretical in nature, drew its arguments on both primary and secondary data, which included textbooks, journal publications and internet sources.Results: This article argues that unless concrete efforts are made to mitigate the effects of climate change and ensure increased food production, the country may experience worse cases of food crisis and human underdevelopment.Conclusion: Consequently, the article recommends, among others, environmental impact assessments before, during and after industrial production activities.

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Treasury Single Account – Transparency and Accountability in Public Finance Management in Nigeria: The Journey So Far

Abstract: Abstracthe purpose of this article is to evaluate and critique the policy of Treasury Single Account (TSA) adopted by the Nigerian government as an essential tool for enhancing transparency and accountability in public sector financial.

Cited by 4 publications

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Effect of Treasury Single Account (TSA) on Corruption in the Nigerian Public Sector

Effect of Treasury Single Account (TSA) on Corruption in the Nigerian Public Sector

Treasury Single Account: A Nudge towards Public Sector Accountability in Nigeria

Climate change, food security and sustainable human development in Nigeria: A critical reflection

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