ABSTRACT
The study examined the effect of treasury Single Account policy on the performances of commercial banks in Nigeria. It was aimed at finding if growth, Liquidity and profitability are affected by Treasury Single Account (TSA) implementation in deposit money banks in Nigeria. To achieve the above objectives, the researcher made use of the ex – post facto research design with the use of secondary data collected from the annual reports of the selected deposit money banks and used by the researcher in this study. The data collected were presented and analysed by the use of simple linear regression method with the aid of SPSS. Based on the analysis, it was found out that Treasury Single Account (TSA) implementation has an insignificant effect on deposit money banks growth (proxied by pre – tax margin); that Treasury Single Account (TSA) policy has a significant effect on commercial banks liquidity (proxied by cash ratio) and that Treasury Single Account (TSA) has an insignificant effect on deposit money banks profitability (proxied by returns on asset). The study concluded that Treasury Single Account (TSA) policy implementation has no significant effect on the performance of deposit banks in Nigeria. Since the Treasury Single Account (TSA) has no significant effect on the growth of commercial banks, the commercial banks should implement policies that has significant effect on their growth. Since the Treasury Single Account (TSA) has a significant effect on banks liquidity, the commercial banks in Nigeria should continue with the implementation of Treasury Single Account (TSA). Since the Treasury Single Account (TSA) policy has no significant effect on the profitability of deposit money banks in Nigeria, the deposit money banks should implement policies that has significant effect on their profitability.
TABLE OF CONTENTS
TITLE PAGE i
CERTIFICATION ii
DEDICATION iii
ACKNOWLEDGMENTS iv
ABSTRACT vi
TABLE OF CONTENTS vii
LIST OF TABLES xi
LIST OF FIGURES xii
CHAPTER ONE: INTRODUCTION
- Background to the study 1
- Statement of problem 6
- Objective of the study 7
- Research questions 8
- Research hypothesis 9
- Scope of the study 9
- Significance of the study 10
- Organization of the study 10
- Definition of terms 12
CHAPTER TWO: THEORETICAL FRAMEWORK AND
LITERATURE REVIEW
2.1 Theoretical Framework 14
2.1.1 Agency Theory 14
2.1.2 Stakeholders Theory (by freeman, 1984) 16
2.1.3 Public Finance Management Theory (Grabber, 2005) 17
2.1.4 Modern Money Theory
(George Friedrick Knaap, 1905) 19
2.2 Conceptual Framework 20
2.2.1 Concept of Treasury Single Account 20
2.2.2 Treasury Single Account in the Public Sector 22
2.2.3 Centralized Transaction Processing 23
2.2.4 Decentralized Payment and Accounting System 25
2.2.5 Treasury Single Account and accountability and
Transparency in the Public Sector 28
2.3 Literature Review 31
2.3.1 The implementation of Treasury Single
Account in Nigeria 31
2.3.2 The benefits and challenges of Treasury Single
Account in Nigeria 34
2.3.3 Nigerian Treasury Single Architecture 38
2.3.4 Roles and Responsibilities of Treasury
Single Account Stakeholders in Nigeria 40
2.3.5 How Treasury Single Account (TSA) Works 43
2.4 Empirical Review 44
CHAPTER THREE: Research Methodology
- Research Design 50
3.2 Population of the study and method of population
Determination 51
- Sample size and sample size determination 53
- Sampling procedure and technique 54
- Method of data collection and data sources 55
- Model specification 55
- Data Treatment Technique 58
3.8 Limitations of the study 58
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS
AND INTERPRETATION
4.1 Data Presentation 60
4.2 Data Analysis 63
4.3 Test of Hypotheses 68
4.4 Discussion of Findings 81
CHAPTER FIVE
5.1 Summary of major findings 84
5.2 Conclusion 85
5.3 Recommendations 85
5.4 Suggestion for further study 86
REFERENCES 87
APPENDIX 91