Treasury Single Account and Tax Revenue in Nigeria: Comparative Analysis of Pre- and Post-Implementation Periods
Journal Title: Journal of Economics, Finance and Management Studies - Year 2025, Vol 8, Issue 03
Abstract
This study investigates the impact of the Treasury Single Account (TSA) on tax revenue in Nigeria, specifically focusing on oil tax revenue (OTR) and non-oil tax revenue (NTR) across pre- and post-TSA implementation periods. Utilizing quarterly data from 2008 to 2022, the research employs both parametric and non-parametric statistical methods. The student’s t-test analyzes changes in OTR, while the Mann-Whitney U test evaluates variations in NTR. Findings reveal a significant decline in OTR by 29.49% post-TSA, suggesting adverse effects of the policy on oil revenue. Conversely, NTR increased by 119.38% post-TSA, reflecting enhanced revenue diversification and improved non-oil tax collection. These results align with Public Finance Management Theory, which emphasizes the importance of transparency and fiscal discipline, and Modern Monetary Theory, which underscores effective government control over resources. The contrasting impacts on OTR and NTR suggest that while the TSA promotes diversification and financial control, it may necessitate sector-specific policy refinements to minimize negative consequences for oil revenue. The study contributes to the ongoing discourse on public financial management reforms, offering insights for policymakers and stakeholders in Nigeria and similar economies. Recommendations include refining the TSA framework to address sectoral challenges and exploring its long-term implications on fiscal stability. This research also provides a foundation for comparative studies across nations implementing similar policies.
Authors and Affiliations
Godwin Omoregbee , Banjo Adeola Adebisi , Fadekemi Ajasa-Adeoye,
Keywords
Related Articles
- EP ID EP761377
- DOI 10.47191/jefms/v8-i3-26
- Views 21
- Downloads 0
Free Trade Agreements: Opportunity or Threat to the Moroccan Economy?
The world has witnessed a gradual Evolution of international trade for about a century. Since the establishment of the World Trade Organization (WTO) in 1995, trade openness has become an inevitable choice for countries...
Marketing Strategy to Increase Sales of Liquid Biological Fertilizer (Case Study on Tani Makmur Ii Liquid Biofertilizer, Pandanwangi Village, Tempeh District, Lumajang Regency)
Fertilizer is one of the important components in the agricultural sector and has a very important role in increasing agricultural business in Indonesia. This is because farmers have realized the role of fertilizer in agr...
Non-Tariff Barriers and Their Effect on Export: Evidence from 5 Asean Countries
Protection or trade restriction in a country comes at an economic cost to domestic consumers and short run benefit to producers of the country. Tariff and non-tariff barriers (NTBs) are government policies to protect d...
Impact of COVID - 19 Pandemic on Moral Disengagement Models Adopted by Hospitality Operations: A Case Study of Cairo, Egypt
COVID - 19 caused a lot of economic, political and social conflicts to all world populations and states. Many researches to explored the impacts of COVID - 19 on these perspectives. However, few if any were focused to me...
Balancing Equity and Innovation of Japanese Corporate Governance
This paper critically examines Japanese corporate governance, evaluating its role as a benefit or constraint in achieving equity and efficiency. It contrasts Japan's stakeholder-oriented model, characterized by long-term...