Treasury Single Account and Financial Management of Federal Universities in South East, Nigeria
Keywords:
Treasury Single Account (TSA), financial management, revenue leakage, financial accountabilityAbstract
The general objective of this study was to ascertain the effect of treasury single account (TSA) on the financial management of Federal Universities in South East, Nigeria. To achieve the above objective, survey research design was used. The population of the study comprised of accounts/bursary staff of 5 Federal Universities in South East Nigeria. Taro Yamane’s formula was used to derive a sample size of 187. Data collected were transformed into more suitable format for analysis. After data processing, the Statistical Package for Social Science (SPSS) was used for the data analysis. To test the hypotheses established in the study, simple linear regression analysis was used. Findings from regression analysis shows that treasury single account (TSA) was statistically significant and related to revenue leakage in Federal Universities in South East, Nigeria. Also, Treasury Single Account (TSA) was significant and positively affects financial accountability of Federal Universities in South East, Nigeria. The study recommended that the federal government should create the necessary conditions for the TSA policy to be implemented smoothly with sufficient legislative backing in federal universities. It is possible to create a substitute platform under TSA that guarantees that funds for federal universities are made available and prepared to be disbursed when necessary.
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