Treasury Single Account and University Administration in South East, Nigeria
Journal Title: Asian Journal of Economics, Business and Accounting - Year 2017, Vol 4, Issue 4
Abstract
Over the years, the problem of funding has been the bane of educational development in Nigeria. Important as the education sector is to other sectors of the Nigerian economy, its development has been retarded overtime because of multifaceted funding challenges which include unavailability of funds, delays in approval and releases of funds and so on. Government delays in releases of approved funds are seen as impediments to achieving the onerous task of research and development of the nation’s universities, hence this work on treasury single account and university administration in South East Nigeria. In a bid to investigate the recently introduced treasury single account on university administration in south east Nigeria, three federal universities were selected viz: Nnamdi Azikiwe University, Awka, University of Nigeria, Nsukka and Federal University of Technology, Owerri. Literature on the various subject matters was extensively reviewed and survey research method was adopted. In addition to the volume of insights gathered from the literature reviewed and information gathered through face to face interviews, primary data were collected with the aid of questionnaire. The data were analytically regressed. It was discovered that the newly introduced treasury single account has, so far, among other challenges, affected financial operations in the bursary units and resultantly slowed down activities in the universities. It revealed that there is a sharp departure from the past when planned programmes were executed as planned in the universities. It was, therefore, recommended that tertiary institutions should be excluded from TSA implementation in order to achieve the all important objective of research and development in the university system and the federal government should immediately carry out a comprehensive review of the policy implementation so as to be properly guided on the appropriate organisations where TSA is required.
Authors and Affiliations
Onyeizugbe Chinedu Uzochukwu, Igbodo Republic, Enaini Stella Olohi
Keywords
Related Articles
- EP ID EP338568
- DOI 10.9734/AJEBA/2017/36451
- Views 74
- Downloads 0
Market Value Maximization, After-Tax Profit and the Cost of Capital of Entrepreneurial Firms
This paper examines the implications of various costs of capital on the market value and profit of entrepreneurial firms. Specifically, four costs were identified as follows: cost of debt (kd), cost of equity (ke), cost...
Holistic Analysis of the Financing Gap between Financial Institutions and Small and Medium Enterprises (SMEs) Business-projects
It is an indisputable fact that Small and Medium-sized Enterprises (SMEs) are the engine for the growth of every economy; particularly the Ghanaian economy which is SME dominated. Unfortunately, the SME sector in Ghana i...
Culture and Accounting Practices in Indonesia
This article discusses the cultural impacts on the accounting values and practices in the context of Indonesia. Hofstede’s cultural dimensions (individualism versus collectivism, large versus small power distance, strong...
Small Firms’ Strategy Adoption and Business Outcomes in Business Games: An Empirical Investigation from Nigeria
The study aimed at determining the effect of adopted competitive strategy on the outcomes of SMEs in Nigeria. The sample size of the study comprised of 1231 owner-managers from selected Small and Medium scale Enterprises...
Applications of Vose ModelRisk Software in Simulated Data
Statistical simulation is used in cases which there is not enough theoretical background about the method in hand. It is used to derive the performances of inferential methods like empirical estimation of sampling distri...