EFFECT OF TREASURY SINGLE ACCOUNT (TSA) ON SELECTED FEDERAL PARASTATALS IN KANO METROPOLIS

Abstract

The study examines the effect of Treasury Single Account on some selected government parastatals in Kano metropolis. Opinion of respondents were seek using a likert scale structured questionnaire. 86 questionnaires were administered to staffs of some selected Federal parastatals in Kano metropolis which include Bayero University Kano, National Youth Service Corps (NYSC) Kano state secretariat, Nigerian Postal service, Federal College of Education (FCE) Kano, and Federal Inland Revenue Board (FIRS) Kano. Response from questionnaire was analysed using charts, frequency tables with simple percentages and the study hypothesis was tested using t-test statistic. Findings from the study shows that all the sampled institutions are on the TSA platform, similarly all the respondents are fully aware of TSA. This shows that just within two years of implementation, TSA has gained enough ground and everybody has adjusted to the system. Result also shows that majority of the respondents have confidence in the scheme and they believed that has helped the country in many ways in the face of the current economic recession. The test statistics shows that the p-value is below the significant value of 0.05, the study concludes that TSA have a positive effect on federal parastatals as it is found to have reduces corruption, block all financial leakages and have ensured transparency in financial management of federal parastatals in Kano State. it was recommended that government should organise a post TSA implementation conference to liaise with stakeholders on way to ensure that all the bottlenecks encountered so far are provided with a feasible solution. In addition, it is further recommended that ggovernment should review the TSA policy to specifically safeguard the financial autonomy of the Nigerian educational institutions.