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

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  • Akinleye G. T
  • Fajuyagbe S. B
  • Owoniya B. O

Abstract

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.

Suggested Citation

  • Akinleye G. T & Fajuyagbe S. B & Owoniya B. O, 2018. "Treasury Single Account: A Nudge towards Public Sector Accountability in Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 10(6), pages 201-210.
    • Handle: RePEc:rnd:arjebs:v:10:y:2018:i:6:p:201-210
    DOI: 10.22610/jebs.v10i6(J).2610
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    References listed on IDEAS

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    1. Anwar Shah, 2007. "Local Public Financial Management," World Bank Publications - Books, The World Bank Group, number 6655, December.
    2. Israel Fainboim Yaker & Sailendra Pattanayak, 2010. "Treasury Single Account: Concept, Design and Implementation Issues," IMF Working Papers 2010/143, International Monetary Fund.
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