Key Features:
No of Chapters: 5
No of Pages: 60
Methodology: Simple Percentage
Abstract:
This study is on effect of treasury single account on the performance of Nigeria banks. The total population for the study is 200 staff of Zenith bank in Akwa Ibom state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made human resource managers, accountants, customer care officers and junior staffs were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Table of Content:
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research Hypotheses
1.5 Justification of the study
1.6 Significance of the study
1.7 Scope and limitation of the study
1.8 Definition of terms
1.9 Organization of the study
CHAPTER TWO
2.0 Literature review
2. 1 Introduction
2.2 Benefits and challenges of tsa
2.3 Treasury single account system in the public sector
CHAPTER THREE
3.0 Research methodology
3.1 sources of data collection
3.3 Population of the study
3.4 Sampling and sampling distribution
3.5 Validation of research instrument
3.6 Method of data analysis
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS AND INTERPRETATION
4.1 Introductions
4.2 Data analysis
CHAPTER FIVE
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
Appendix
Introduction:
The activities of treasury single account are mostly seen among the commercial banks in banking sector in Nigeria. The banking sector is the engine of any nation's economy. The economic status of any nation depends on how stable their banking industry is. In other words, any issue that affects banks also has an impact on the economy of the nation (Kanu, 2016). In Nigeria, commercial banks have been the custodians of government funds. The banking system in Nigeria has experienced several reforms and policies, some favourable, others unfavourable. Many banks did not survive these reforms. Until the introduction of TSA, government Ministries, Departments and Agencies (MDA’s) operated a multiplicity of accounts in the commercial banks. The MDA’s use part of the funds they generated to fund their operation and remitted the residual to the federation account. This resulted in leakages, embezzlement of funds and inadequate budgetary and financial planning. However the highest beneficiaries of this situation where the banks who relied on deposits from government agencies and lent back to the government at high interest rates.
The banks however, operated “arm chair banking” as they no longer mobilized funds from other sectors of the economy. In light of these, the federal government directed all MDA’s to close their accounts with commercial banks and transfer the balances into the federation account with the Central Bank of Nigeria which was conveyed in a CBN circular no BPS/CSO/CON/DIR/01/079; dated, February 25, 2015 and addressed to all Deposit Money Banks (DMB). The circular was titled “Commencement of Federal Government’s Independent Revenue Collection Scheme under the Single Treasury Account (TSA) Initiative”. The TSA is a Unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources.
Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time (Yusuf, 2016). Prior to the introduction to TSA, Nigeria had fragmented banking arrangement for revenue and payment transactions. These were more than 10,000 bank accounts in multiple banks which made it impossible to establish government consolidated cash position at any point in time. It led to pockets of idle cash balances held in MDA’s account when government was out borrowing money (Obinna, 2015). (Yusuf, 2016) added that “the maintenance of Treasury Single Account will help ensure proper cash management by eliminating idle funds usually left with different commercial banks and in a way enhance reconciliation of revenue collection and payment. It is to this regards that the study wishes to consider the impact of treasury single account on the performance using Zenith bank as a case study
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