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

The Effect of Political Rallies on Public Perception of Candidates: A Study of Lafia Local Government, Nasarawa State

Chapter One: Introduction

1.1 Background of the Study
Political rallies are essential elements o...

Read more
THE IMPACT OF INFORMATION COMMUNICATION TECHNOLOGY ON NIGERIA’S PUBLIC ACADEMIC LIBRARIES (A CASE STUDY OF THE UNIVERSITY UYO)

ABSTRACT

Information and Communication Technology (ICT) has brought unprecedented changes and transfor...

Read more
THE ROLE OF REVENUE MOBILIZATION ON ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA

ABSTRACT

 

The contribution of taxation to any economy globally cannot be overemphasized. Apart from the...

Read more
THE ROLE OF HUMAN RESOURCE IN ORGANIZATIONAL PERFORMANCE

EXCERPT FROM THE STUDY

While goals offer direction and progression; targets act as a performance indicator tool. Fr...

Read more
An Examination of Sustainability Strategies and Organizational Reputation: A Study of Food Production Firms in Jigawa State

Background of the Study

Sustainability has become a key focus for organizations aiming...

Read more
An Appraisal of the Effectiveness of Automated Replenishment Systems in Warehouse Management in Lafarge Africa Plc, Bauchi State

Background of the Study

Automated replenishment systems (ARS) are technological solutions designed to manage inventory levels and ensure...

Read more
INFLUENCE OF EARLY CHILDHOOD EDUCATION ON RELIABILITY

ABSTRACT: Early childhood education (ECE) plays a crucial role in developing re...

Read more
The Role of E-Auditing in Enhancing Accountability in Nigeria’s Public Sector: A Study of the Federal Ministry of Health

Background of the Study

E-auditing refers to the use of digital tools and technologies to conduct audit...

Read more
CONDITIONS OF SERVICE AND TEACHER’S JOB SATISFACTION IN SECONDARY SCHOOL IN LOCAL EDUCATION COMMITTEE, UYO AKWA IBOM STATE

ABSTRACT

 

This study investigated the “Conditions Of Service And Teacher’s Job...

Read more
INNOVATIONS IN ASSESSING CAREER READINESS IN VOCATIONAL STUDENTS

ABSTRACT: This study examines innovations in assessing career readiness among vocational students, focusing on the effectiveness of new evalua...

Read more
Share this page with your friends




whatsapp