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| Towards Achieving Public Accountability in Nigeria Public Sectors: The Role of Treasury Single Account (tSA) |
Allison, Patricia (Ph.D.) , Ndukwe, Oko J.
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Abstract:
This paper is on Towards Achieving Public Accountability: The Role of Treasury Single Account (TSA). The objective is to assess the extent to which the implementation of Treasury Single Account in Nigeria has contributed towards achieving public accountability in Nigeria Public sectors. The paper adopted the content analysis as means of gathering and analysis of data. The paper observed that as envisaged, the implementation of Treasury Single Account has enthroned centralized, transparent and accountable revenue management in Nigeria by instilling fiscal discipline and ensuring effective aggregate control over government cash balances. The paper concluded that the only way Nigeria can fight the intense pressure on their cash flows in the face of dwindling revenues and decreasing statutory and social responsibilities is to strengthen and sustain the Treasury Single Account (TSA) scheme. It is therefore recommended among others that since establishing a TSA has given rise to tough decisions by the government such as closing the existing bank accounts of budget organizations (outside treasury control) and this provoked powerful opposition, for success a TSA reform must be explicitly and strongly supported by the highest officials of government. Thus, decisions of the regime in power to reinforce the TSA will be helpful.
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