Publication Date: 2023/12/23
Abstract: The study concentrated on the new treasury single account as well as the performance of the federal government's ministries, departments, and agencies in Northwest Nigeria. The primary goal of the study was to investigate the impact of a new treasury single account on the performance of ministries, departments, and agencies in Northwest Nigeria. A survey research design was used for the study. The management staff of the twelve selected federal ministries, departments, and agencies in seven (7) northwest states of Nigeria, totaling 4,280 people, are the study's target population. Simultaneously, a sample size of 300 was calculated using Cochran's (1977) sample size determination formula. A structured questionnaire was used to collect quantitative data for the study. With the help of the Statistic Package for Social Science (SPSS)version 29.0, descriptive statistics were analyzed using simple percentages and charts. Simple linear regression, on the other hand. The findings revealed that treasury single measures, such as the new treasury single account unified structure, positively and significantly influenced the performance of revenue generation measures for ministries, departments, and agencies. The government was suggested to improve and fund information and communication technology. In addition to implementing alternative energy sources such as solar panels, public sector, and government agency personnel should be trained and take over the management of new treasury single accounts from System Specs. When financial irregularities are discovered, appropriate sanctions should be imposed.
Keywords: New Treasury Single Account, Treasury Single Account Unified Structure, Revenue Generation, Performance.
DOI: https://doi.org/10.5281/zenodo.10430649
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23DEC863.pdf
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