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Treasury Single Account Policy and Revenue Generation Among Federal Parastatals in Ekiti-State, Nigeria

Author

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  • Oluyinka Ogungbade
  • Omowumi Olanike Oshatimi
  • Adebola Daniel Kolawole

Abstract

Treasury Single Account (TSA) is a new government policy to fight corruption in the Nigerian public sector. The policy has received a lot of compliments from many Nigerians; however, empirical studies have produced mixed results. The study examined the effects of Treasury Single Accounts (TSA) on the revenue generation of federal government parastatals in Ekiti state. The study specifically examined the effect of TSA on revenue generation of Federal University Oye-Ekiti, Federal Teaching Hospital Ido, Federal Road Safety Commission Ado-Ekiti and Federal Polytechnics Ado-Ekiti. Both Descriptive and inferential statistics were used. The descriptive statistics include mean, standard deviation, minimum and maximum while the study employed paired sample t-test for inferential analysis. The study reveals that TSA has not enhanced the revenue generation among federal government parastatals in Ekiti state. The research further shows that TSA is counterproductive since average revenue generated after the implementation of TSA is lower than the average revenue that the parastatals generated before the implementation of TSA. The study recommends that the federal government of Nigeria should investigate the reasons why the TSA is counterproductive in Ekiti state and adequately monitor its implementation.

Suggested Citation

  • Oluyinka Ogungbade & Omowumi Olanike Oshatimi & Adebola Daniel Kolawole, 2021. "Treasury Single Account Policy and Revenue Generation Among Federal Parastatals in Ekiti-State, Nigeria," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(4), pages 156-167, July.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:4:p:156-167
    DOI: 10.5430/ijfr.v12n4p156
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    References listed on IDEAS

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    1. BADEJO, Bamidele A. & OLUWASEYI, Adelowokan A. & TAIWO, Morenike R., 2017. "The Nexus Of Treasury Single Account Policy In Nigeria: An Exploratory Discourse," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 21(3), pages 19-31.
    2. Baris CAN, 2019. "The Likely Impact of Extended Turkish Treasury Single Account System on Public Finance in Turkey," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 13(2), pages 231-266.
    3. Ferdinand Abul Ikya, 2019. "Banking The Unbanked At The Bottom Of The Economic Pyramid In Nigeria: Challenges And Opportunities For Profitable Growth," Journal of Internet Banking and Commerce, Nahum Goldmann, vol. 24(02), pages 01-22.
    4. Ehi Eric Esoimeme, 2019. "A critical analysis of the anti-corruption policy of the federal executive council of Nigeria," Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 22(2), pages 176-187, May.
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