Impact of Treasury Single Account on Government Revenue and Economic Growth in Nigeria: A Pre – Post Design
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 5
Abstract
Since the implementation of Treasury Single Account (TSA) in 2015 by the present administration in government with the intention to control financial mismanagement which will consequently improve government revenue and economic growth; stakeholders, researchers and the general public are interested to know the extent to which these objectives have been met. This study empirically examined the extent to which TSA has improved Federally Collected Revenue (FCR) and Gross Domestic Product (GDP) of the economy. Secondary data sources from Central Bank of Nigeria statistical bulletin and economic reports were utilized for this study. The observations were recorded on quarterly basis from Q3-2013 to Q2-2017. The data were divided into two periods: Pre TSA period (Q3-2013 to Q2-2015) and Post TSA period (Q3-2015 to Q2-2017). A pre post analysis (difference in means test) was carried out using SPSS version 20. Analysis shows that the implementation of TSA has a negative and significant effect on FCR. However, further findings revealed that GPD of the country significantly increased after the implantation of TSA. It was recommended that periodic appraisal of each revenue generating sector should be made so that some sectors that are not performing as they ought to will not feel covered by those that are doing better.
Authors and Affiliations
Chijioke N. Ofurum . , Promise C. Oyibo . , Queeneth E. Ahuche .
Keywords
Related Articles
- EP ID EP561493
- DOI 10.6007/IJARBSS/v8-i5/4101
- Views 98
- Downloads 0
Causes and Ways to Overcome Bully among Students from National Primary Schools, National Type Chinese Primary Schools and National Type Tamil Primary Schools
The study aims to analyze the causes and ways to overcome bully among students from National Primary Schools, National Type Chinese Primary Schools and National Type Tamil Primary Schools. In addition, this study is also...
Foreign Direct Investment in Nigeria: Reassessing the Role of Market Size
This paper examines the influence of market size on foreign direct investment to Nigeria for the period 1970 – 2011. It answers the question: do multinational enterprises consider market size in the allocation of their f...
Malay Undergraduates’ Knowledge about the Kalima Shahadat
The testimony of shahadat is a basic fundamental requirement which is a mandatory for the Muslims. Thus, it is a requisite for the Muslims to clearly understand and appreciate the concept of shahadat in order to keep the...
Managing the Value Gap among Generations in Organizations: Socio-Psychological Approach
Over the few past decades, value gap among generations has presented new challenges for organizations. Although studies have suggested value congruence as a mechanism to bring generations closer together, this study pres...
The Roles of Big Data and Knowledge Management in Business Decision Making Process
The decision-making process is marked by several kinds of elements which related to and must be made and aligned with the companies’ strategies. There are toolsets such as analysis of decision, data repositories and info...