Browsing by Author "Izevbekhai, Monday Olade"

Now showing 1 - 1 of 1
  • Thumbnail Image
    ItemOpen Access
    TREASURY SINGLE ACCOUNT AND MANAGEMENT OF PUBLIC SECTOR FUNDS IN NIGERIA
    (Department of Entrepreneurship Studies, Nasarawa State University, Keffi., 2020-07-23) Bala, Ali Yusuf; Izevbekhai, Monday Olade; Oshiole, Samuel; Paul, Vincent
    This work examines treasury single account and effective management of public sector funds in Nigeria. In view of the need to utilize accurate data for this research, primary data were obtained through a structured questionnaire to elicit responses from respondents to meet the requirements of this work. Maximum Likelihood Estimation (MLE) techniques were used in this study. The pooled probit regression was also used to estimate the parameters of the stated model using STATA computer software. Based on the statistical test used in the testing of the hypotheses, it was discovered that treasury single account has a significant effect on financial leakages in revenue collection in Nigerian public sector; Treasury Single Account significantly promotes transparency in the administration of funds and financial discipline in the Nigerian Public Sector. In view of the findings, the study recommended for more legislation to cover the states and local governments’ level since the policy only covered the federal level. This is to ensure that, the level of financial leakages in the public sector at all level is drastically reduced; there should also be an integrated financial management information system (IFMIS) for all the players in the TSA system.