ABSTRACT
Over years, Nigeria’s public funds have not been properly accounted for. This has drastically increased the cost of governance. There is no gain saying the fact that, the cost of governance in Nigeria is too high and has in no small way hindered the Nation’s development both human and infrastructural. It is also one of the reasons why corruption has eaten deep into the fabrics of our society. To eliminate or minimize this menace, the Federal Government of Nigeria Implemented in 2015. The objective of this paper is to examine of Treasury Single Account on cost of governance. The paper is qualitative in nature, relying on secondary sources. It is anchored on Stakeholder Theory. The paper observes that increase on the cost of governance is not basically as a result of over-bloated bureaucracy rather corruption can be considered major cause of the increase therefore is primarily to ensure accountability of government revenue, enhance transparency and avoid misappropriation of public funds. The paper notes that with the TSA government expects to block all loopholes and leakages of financial resources of the government and also ensure a robust financial management system. It observes further that will help to ensure proper cash management by eliminating idled funds usually left with different deposit money banks and in a way enhance reconciliation of revenue collection and payment. The paper concludes that is a reliable means of public fund management that will govern the management, allocation and application of government funds to people oriented projects that will result in economic development and improve living standards of Nigerians. The paper recommends among others that successful implementation of requires political will, honesty and determination on the part of government so as overcome the various challenges identified in the paper in order to achieve the expected benefits of the system through reduction in the cost of governance in Nigeria and revolutionize our society for better?
TABLE OF CONTENT
Title Page I
Certification II
Dedication III
Acknowledgement IV
Abstract V
Table of Content VI-VIII
CHAPTER ONE 1-6
1.1 Introduction to the Background of the Study 1-2
1.2 Statement of Problem 3
1.3 Aim and Objectives of Study 4
1.4 Research Question 4
1.5 Research Hypothesis 4-5
1.6 Significance of Study 5
1.7 Scope of Study 5
1.8 Limitation of Study 5
1.9 Definition of Terms 5-6
CHAPTER TWO 7-18
REVIEW OF RELARE LITERATURE
2.1 Introduction 7
2.2 Theoretical Frame Work 7-11
2.3 The Concept of Treasury Single Account 11-16
2.4 Implication of treasury single account to the Nigeria economy 16-18
CHAPTER THREE 19-21
RESEARCH METHODOLOGY
3.1 Introduction 19
3.2 Study Area 19
3.3 Research Design 19-20
3.4 Population of the Study 20
3.5 Population Size and Technique 20
3.6 Data Collection Method 20
3.7 Data Analysis 20
3.8 Limitation 21
CHAPTER FOUR 22-29
4.1 DATA PRESENTATION, ANALYSIS, AND INTERPRETATION
CHAPTER FIVE 30
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary 30
5.2 Conclusion 30
5.3 Recommendation 30
REFERENCES 31-32
APPENDIX I 33
APPENDIX II 34-36
QUESTIONNAIRE
