+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

APPRAISAL OF TREASURY SINGLES ACCOUNT ON BANKING SECTOR IN NIGERIA

  • Type:Project
  • Pages:70
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

TABLE OF CONTENT

Title Page

Certification

 Dedication

 Acknowledgement

Abstract


CHAPTER ONE (1)

Introduction

Background of the study

Statement of the problem

Objective of the Study

Research question

Significance of the Study

Limitation of the Study

CHAPTER TWO (2)

2.0, Literature Review

CHAPTER THREE (3): 

Introduction to Research Methodology

Research Design

Method of Data Collection

Primary Source of Data Collection

Secondary Source of data collection

Adequacy of Data

Population of the Study

Reliability and Validity of Research Instrument

Method of Data Analysis

CHAPTER FOUR (4)

Presentation, Analysis and Interpretation of Data 37-59

CHAPTER FIVE (5): 

 Summary Of Finding, Conclusion, Recommendation 60

Summary of Finding 60

Conclusion 61

5.3 Recommendation 62

References/bibliography 64

Appendix


APPRAISSAL OF TREASURY SINGLES ACCOUNT ON NIGERIA BANKING SECTOR IN NIGERIA

CHAPTER ONE

INTRODUCTION

BACKGROUND TO THE STUDY

With the return to democratic rule in 1999, Nigeria committed to leaving behind Its history of economic stagnation, declining welfare and social instability. The new government started an ambitious economic reform program, outlined in the National Economic Empowerment and Development Strategy (NEEDS 2004-07), and succeeded in bringing about macroeconomic stability and the highest growth rates Nigeria has seen in decades.

Since July 2003, the Federal Government had taken bold steps to begin the tackling of the deep-seated risks to macroeconomic and fiscal stability and also to address key sources of economic inefficiency. As such, it is implementing policies to strengthen economic management and to deal with weak governance and corruption. 

Earlier in February, the Central Bank of Nigeria issued a circular directing all deposit money banks to implement the Remita e-Collection Platform. The Remita e-Collection is a technology platform deployed by the Federal Government to support the collection and remittance of all government revenue to a Consolidated Account domiciled with the CBN. This marked the beginning of the full implementation of Treasury Single Account (TSA) system in Nigeria.

The word Treasury Single Account (TSA) is one of the major financial policies implemented by the federal government of Nigeria to consolidate all inflows from all the ministries, departments and agencies (MDAs) in the country by way of deposit into Commercial Banks traceable into a single account at the Apex Bank in the country, Central Bank of Nigeria. 

The TSA is a process and tool for effective management of government’s finances, banking and cash position. In accordance with the name, it pools and unifies all government accounts through a single treasury account.

The Federal Government’s directive to all revenue-generating agencies to close their accounts with commercial banks by February 28, 2015 and transfer same into a Consolidated Revenue Fund of the Federation and Treasury Single Account as a new electronic revenue collecting platform introduced recently by President Muhammed Buhari has continued to generate debate across the country.

 The February directive, according to reports, was due to the speculation in the banking sector that shareholders lost about N573 billion in 2014 financial year following massive sell-off that overran the market in the last two quarters of the year.

APPRAISAL OF TREASURY SINGLES ACCOUNT ON BANKING SECTOR IN NIGERIA

Share This

Details

Type Project
Department Accounting
Project ID ACC2321
Price ₦3,000 ($9)
No of Pages 70 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2321
    Price ₦3,000 ($9)
    No of Pages 70 Pages
    Format Microsoft Word

    Related Works

    TABLE OF CONTENT Title Page Certification Dedication Acknowledgement Abstract CHAPTER ONE (1) Introduction Background of the study Statement of the problem Objective of the Study Research question Significance of the Study Limitation of the Study CHAPTER TWO (2) 2.0, Literature Review CHAPTER THREE (3): Introduction to Research Methodology... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Treasury Single Account is a public accounting system under which all government revenue, receipts and income and collected into one single account, usually maintained by the country’s Central Bank and all payments done through this account as well. The purpose is primarily to ensure... Continue Reading
    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... Continue Reading
    IN MAIDUGURI CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY In 2015, Central Bank of Nigeria issued a circular directing all deposit money banks to implement the Remita e-Collection Platform.  The Remita e-Collection is a technology... Continue Reading
    CHAPTER ONE INTODUCTION 1.1 BACKGROUND OF STUDY The Treasury Single Account (TSA) policy came into being by the federal government of Nigeria to minimize or completely block all financial leakages in other to promote transparency and to reduce the level of mismanagement of government’s revenue, the essence of treasury single account is majorly... Continue Reading
    Abstract This study is on effect of treasury single account on the performance of Nigeria banks. The total population for the study is 200 staff of Zenith bank in Akwa Ibom state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey... Continue Reading
    CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY The Nigeria economy has experienced so many declines lately due to high level of fraudulent activities in both the public and the state sector of Nigeria. The federal government of Nigeria has put in so much effort to resolve the effect of fraud on the economy of Nigeria; this was led to the... Continue Reading
    CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY The Nigeria economy has experienced so many declines lately due to high level of fraudulent activities in both the public and the state sector of Nigeria. The federal government of Nigeria has put in so much effort to resolve the effect of fraud on the economy of Nigeria; this was led to the... Continue Reading
    AUDIT OF TREASURY SINGLE ACCOUNT IN NIGERIA: A COMPARATIVE ANALYSIS BEFORE AND AFTER IMPLEMMENTATION CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY The public sector of Nigeria is one of the major contributor to the growth and development in Nigeria; although there have been so many reforms and policies since 1952; most of the public sectors... Continue Reading
    ABSTRACT The study examined the implications of the implementation of the treasury single account policy on the performance of commercial banks in Nigeria. The study established that TSA is a unified structure of government bank accounts enabling consolidation and judicious management of government cash resources. The sample of the study comprised... Continue Reading