Abstract:
The study examines the impact of Treasury Single Account on financial accountability in the public sector. The study was anchored on the Stakeholder theory. Data was analyzed through the use of simple percentage and coefficient of correlation (r). The findings show that the adoption of TSA and accountability in the Nigeria public sector is capable of plugging financial loopholes, promoting transparency and accountability in the public sector. The study concluded that TSA policy would go a long way in blocking the identified financial leakages in revenue generation and promote transparency and accountability in the public sectors financial system if it is fully implemented. On the basis of the above findings, the study recommended among others, that Government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the Treasury Single Account.
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