Implication Of Treasury Single Account On Banking Sector Of Nigeria And The Economy As A Whole

CHAPTER ONEINTRODUCTION1.1   BACKGROUND TO THE STUDYTreasury 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 accountability of government revenue, enhance transparency and avoid misapplication of public funds. The maintenance of a Treasury Single Account will help to ensure proper cash management by eliminating idle funds usually left with different commercial banks and…