INFLUENCE OF TREASURY SINGLE ACCOUNT (TSA) POLICY ON THE ADMINISTRATION OF PUBLIC UNIVERSITIES IN NORTH EASTERN NIGERIA

Authors: Cletus Edoh,, Agbe, J. I. Ph.D., Ochai, G. O. Ph.D. & Idoko Alphonsus A. Ph.D.

ABSTRACT

The study investigated the influence of the Treasury Single Account (TSA) policy on the administration of public universities in North Eastern Nigeria. Two specific objectives with corresponding research questions guided the study and two hypotheses were formulated and tested at a 0.05 level of significance. The study adopted a survey research design and was carried out in North Eastern Nigeria. The population of the study comprised 547 Bursary staff of Federal Universities in North Eastern Nigeria. The sample size for the study comprised 231 Bursary staff obtained from the use of the Taro Yamane formula for sample size determination. The instrument for data collection was a structured questionnaire. The reliability of the instrument was estimated using the Cronbach Alpha statistic and an overall reliability coefficient of 0.84 was obtained. The data was analyzed using Means and Standard Deviation to answer the research questions. Chi-Square Statistic to test the null hypotheses at 0.05 level of significance. The findings of the study revealed that creating an automated monitoring system to monitor the investment income of public universities, using a customized fee teller monitoring system, and creating an automated monitoring system to maintain privacy in endowment funds facilitates the administration of public universities. It further revealed that the Treasury Single Account policy allows the government to aggregate all its revenues into one account for easy oversight and reduces costs associated with maintaining multiple accounts in the administration of public universities. Based on these findings, it was recommended that; Federal government should create an automated monitoring system to monitor investment income, using a customized fee teller monitoring system to maintain privacy in public and endowment funds as this would facilitate the sustainability of public universities. Also, the Federal government should ensure strict compliance in the adoption of the Treasury Single Account policy in all federal government-owned educational institutions across the country, as it would allow her to aggregate all her revenues into one account for easy oversight as this would further reduce the cost associated with maintaining multiple accounts for the effective administration of public universities.

Keywords: Treasury Single Account, Internally Generated Revenue, and Monitoring Expenditures.

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