0704-883-0675     |      dataprojectng@gmail.com

An Evaluation of the Effectiveness of E-Payment Systems in Nigerian Government Accounting: A Study of the Treasury Single Account (TSA)

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style:
  • Recommended for :
  • NGN 5000

Background of the Study

The Treasury Single Account (TSA) was introduced by the Nigerian government to streamline and consolidate government accounts, enhance transparency, and ensure efficient management of public funds. Prior to TSA, Nigeria’s public sector was characterized by the existence of multiple, fragmented accounts across various ministries, departments, and agencies, which created opportunities for corruption and poor accountability (Okafor & Obinna, 2023).

TSA is designed to centralize all government revenues and expenditures into a single account, ensuring better financial oversight and control. This system is facilitated through e-payment methods that allow for the electronic transfer of funds between government bodies and financial institutions. This study evaluates the effectiveness of e-payment systems in improving transparency, accountability, and financial management under the TSA initiative in Nigeria.

Statement of the Problem

Before the introduction of TSA, the management of government funds in Nigeria was opaque, with numerous accounts that made it difficult to track government revenues and expenditures accurately. This lack of centralized financial management led to inefficiencies, misappropriations, and corruption (Adebayo et al., 2024).

Although TSA was introduced to address these issues, the full effectiveness of its e-payment systems in improving government accounting practices remains an area of concern. This study seeks to evaluate how e-payment systems under TSA have impacted financial accountability and transparency in Nigerian government accounting.

Objectives of the Study

  1. To assess the effectiveness of e-payment systems in promoting transparency under the TSA initiative.
  2. To evaluate the impact of TSA in streamlining government financial management processes.
  3. To identify challenges and propose solutions to improve the effectiveness of TSA and e-payment systems in Nigerian government accounting.

Research Questions

  1. How effective are e-payment systems in improving financial transparency under TSA?
  2. What impact has TSA had on the efficiency of government financial management in Nigeria?
  3. What challenges affect the successful implementation of TSA and e-payment systems?

Research Hypotheses

  1. E-payment systems under TSA significantly improve transparency in Nigerian government accounting.
  2. TSA has enhanced the efficiency of government financial management in Nigeria.
  3. Challenges such as limited infrastructure and resistance to change hinder the successful implementation of TSA.

Scope and Limitations of the Study

This study evaluates the effectiveness of TSA and e-payment systems in Nigerian government accounting, focusing on their implementation in federal agencies from 2015 to 2025. Limitations include access to detailed financial records and responses from government agencies that may be reluctant to share sensitive data.

Definitions of Terms

  • TSA (Treasury Single Account): A unified system for managing all government revenues and expenditures in a single account.
  • E-Payment Systems: Digital systems for the electronic transfer of funds between government agencies and financial institutions.
  • Transparency: Openness and accessibility of government financial records and processes.




Related Project Materials

IMPACT OF GOVERNMENT EXPENDITURE ON NIGERIAN ECONOMIC GROWTH (1981 – 2010)

ABSTARCT

The work was on the impact of Government Expenditure on Nigeria Growth (1981 – 2010) dealing with secondary data from the...

Read more
ASSESSMENT OF EUROPEAN UNION’S CONTRIBUTIONS TO ELECTION ADMINISTRATION IN NIGERIA; 1999 -2015

ABSTRACT

The European Union (EU) and other international donors have been involved in the promotion of election administration in Nigeria...

Read more
THE ROLE OF MUTUAL FUNDS IN PORTFOLIO DIVERSIFICATION

ABSTRACT

THE ROLE OF MUTUAL FUNDS IN PORTFOLIO DIVERSIFICATION

This research investigates the role of mutual funds in portfolio...

Read more
KNOWLEDGE OF FACTORS INFLUENCING INFERTILITY AMONG WOMEN OF REPRODUCTIVE AGE. USE ANY CASE STUDY OF YOUR CHOICE.

Background of the study

Childbearing and raising of children are extremely important events in every hu...

Read more
IMPACT OF WORK ENVIRONMENT, SUPERVISION AND JOB SATISFACTION ON EMPLOYEES PRODUTIVITY

ABSTRACT

Job satisfaction is an attitude variable that reflects how people feel about their jobs overall as well as vari...

Read more
Exploring AI-Based Personalized Recommendation Systems for Academic Resources in Ahmadu Bello University, Zaria, Kaduna State

Background of the Study

In higher education, students often struggle to access the right academic resources, leading to challenges in the...

Read more
NIGERIA AND COMMONWEALTH (1960-1980)

Abstract

Before and after independence, Nigeria has been the chief architect and chief negotiator of peace throughout A...

Read more
An Appraisal of Policy Responses to Droughts and Their Impacts on Food Production in Mubi South Local Government, Adamawa State

Chapter One: Introduction

1.1 Background of the Study

Drought is a recurring natural phenomenon that has significant implicatio...

Read more
Impact of Accounting Information System on Public Sector Financial Management in Zaria Local Government Area

Background of the Study

Public sector financial management is a critical aspect of gov...

Read more
An Assessment of Policy Implementation Gaps in Primary Healthcare Centers in Borno State

Background of the Study

Primary healthcare (PHC) is the foundation of any functional healthcare system,...

Read more
Share this page with your friends




whatsapp