Online Journal of Social Sciences Research

ISSN 2277-0844; Volume 5, Pages 6-12; 2016

©2016 Online Research Journals

Available Online at https://onlineresearchjournals.org/JSS

Full Length Research Paper

 

Treasury Single Account (TSA) Policy in Nigeria: Reviving Jonathan’s ‘Dead’ Policy Directives   *Vahyala Adamu Tari1, Pwafeyeno Myatafadi2 and Minnessi Glenn Kibikiwa2   1Department of Economics and Management Science, Nigeria Police Academy, Wudil-Kano, Nigeria. 2Department of Public Administration, Adamawa State University, Mubi, Adamawa, Nigeria.   *Corresponding Author’s Email: vahyalatariadamu(at)gmail.com; Tel.: 08054903343 & 07068944490.   Received 17 February, 2016 Accepted 12 March, 2016

The survival and growth of domestic and international economic system relies fundamentally on effective financial management for it to stand a test of time. Failure to have such financial management, ministries, departments, agencies and other related institutions will lead to bankruptcy, financial corruption may prevail and the entire system may subsequently paralyze as a result of inadequate or poor financial discipline, monitoring, transparency and accountability. This paper, attempts to look at the contributions of reviving the Treasury Single Account. The paper relied on secondary methodology to effectively examine the fiscal impact of reviving the TSA policy and anchored on incremental model as a framework of analysis. The paper suggests better ways of making the policy effective amidst the dwindling oil price and the superiority of Dollar against the Naira. Hence, the paper concludes that except proper monitoring of government account is carried out, in all government institutions and strong punitive measure applied against defaulters and corrupt officers, that TSA will be a failure in Nigeria. The paper recommends that, the financial institutions and their supervisors, that is, Central Bank of Nigeria, should be proactive and instate measures to ensure full compliance to TSA and correct any lapses or negative impact of the policy on the affected financial institutions among others.   Keywords: Financial management, accountability, Central Bank of Nigeria, government policies, government account, government institutions.

Recommended Citation Tari VA, Myatafadi P and Kibikiwa MG (2016). Treasury Single Account (TSA) Policy in Nigeria: Reviving Jonathan’s ‘Dead’ Policy Directives. Online J Soc Sci Res, 5: 6-12.

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