IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 9 NO. 4 2023
DOI: https://doi.org/10.56201/jafm.v9.no4.2023.pg116.141

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Treasury Single Account and Public Fund Management of Federal Government Agencies in Nigeria

Eneisik, Gogo Erasmus (PhD). Ordu, Chile Umezurike & Moses, Kpane Uwikor

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Abstract

The study investigates the relationship between treasury single account and public fund management of federal government agencies in Nigeria. The population of the study consists of twenty federal government agencies in Nigeria. The study adopts purposive sampling techniques for the sample size. Primary data were obtained through five point likert scale structure questionnaire. A total of one hundred and fifty questionnaires were distributed to respondents and one hundred and twenty were collected successfully and used for the analysis. The study adopts Pearson’s Product Moment Correlation coefficient to test the hypotheses formulated with the aid of statistical package for social science version 22. The findings showed that there is a significant relationship between unified treasury single account and public revenue management of federal government agencies in Nigeria.Empirical evidence indicates that there is a significant relationship between centralized treasury single account and public revenue management of federal government agencies in Nigeria. Empirical evidence shows that there is a significant relationship between decentralized treasury single account and public revenue management of federal government agencies in Nigeria.Empirical evidence reveals that there is a significant relationship between hybrid treasury single account and public revenue management of federal government agencies in Nigeria. Thus, the study concludes that treasury single account has notably improved public funds management, accountability, and transparency, while reducing financial leakages, borrowing costs, and fostering better cash management.The study recommends among others that government should adopt unified treasury single account for public fund management in Nigeria.Government adopts decentralized treasury single account for public fund management in Nigeria.Government adopts hybrid treasury single account for public fund management in Nigeria.Govern

keywords:

Treasury Single Account, Public Fund Management, Nigeria

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