THE PRACTICE OF TREASURY SINGLE ACCOUNT IN ENUGU STATE PUBLIC SERVICE: THE CHALLENGES AND FUNDAMENTALS

Ugwuozor, Ifeanyi Samuel and Chibuike, E Madubuegwu (2021) THE PRACTICE OF TREASURY SINGLE ACCOUNT IN ENUGU STATE PUBLIC SERVICE: THE CHALLENGES AND FUNDAMENTALS. International Journal of Innovation Scientific Research and Review, 3 (5). pp. 1176-1185. ISSN 2582-6131

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Abstract

The adoption and practice of Treasury Single Account in Nigeria public financial management system represents one of the plausible measures initiated by Muhammadu Buhari administration to revamp and bolster optimal performance of revenue governance in Nigeria. However, the practice of the Treasury Single Account at the level of federating tiers of government presents peculiar challenges and expectations. Hence, this paper examines the operational process of the practice of Treasury Single Account at the level of sub-national tier in reference to Enugu State public service in exploring issues, challenges and fundamentals. The methodology of the discourse is quantitative analysis where the researcher made use of the secondary and primary instruments of data collection. Furthermore, the researchers adopted Taro Yamini formula to establish the sample size of 400 from the respondent population size. In reference to the method of data analysis, the researchers used likert mean scale with a calculated mean of 2.5 to elicit, validate and analyze responses from the returned questionnaire of 389 which represents 97.3% from the administered 400 questionnaires. Furthermore, the study revealed that there are challenges bedeviling the practice of Treasury Single Account in Enugu State public service which are exacerbated by certain factors. The work therefore, recommend for legislative advocacy, statutory checks and sanctions among other measures to ensure effective implementation of Treasury Single Account in Enugu state public service.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 14 Apr 2024 18:55
Last Modified: 14 Apr 2024 18:55
URI: http://eprints.gouni.edu.ng/id/eprint/4241

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