Treasury Single Account and Public Fund Management: A Study of Selected Federal Government Parastatals in Nigeria

The objective of this study is to determine the impact of Treasury Single Account on Public
Fund Management. The specific objectives include; examining the impact of Treasury
Single Account on Accountability, Transparency and leakages of public funds. In order to
achieve these objectives, the survey research design was adopted using primary data with
the aid of a questionnaire distributed to selected federal government parastatals (NNPC
and FIRS). Purposive sampling technique was used in selecting the federal government
parastatals used. Regression analysis and the simple percentage were used to analyze the
questionnaire obtained. It was discovered, based on the findings of the study, that,
Treasury Single Account has a significant relationship with Public fund management
proxies combined. The study concluded that Treasury Single Account expectedly improve
accountability and transparency and as well reduce leakages in the financial system.
Hence, the adoption of TSA should be encouraged by immense public enlightenment and
clarification around the significance of the policy in other to nurture its success, the
government should also shelter as soon as probable the appropriate statutory support to
aid the appropriate regulatory atmosphere which will drive the effective implementation
of the TSA.