Research Objective: The study examined the effect of Treasury Single Account (TSA) on government capital expenditure in Nigeria, specifically focusing on administration, economic services, and social and community services.
Methodology: An ex-post-facto research design was adopted, covering the period from 2008 to 2022. Secondary data were extracted from the Central Bank of Nigeria Statistical Bulletin (2022). The study employed purposive sampling and utilised a paired t-test for hypothesis testing.
Findings: The results revealed that TSA implementation significantly increased government capital expenditure on administration (two-tailed probability of 0.0008, t-value of 6.58645), economic services (two-tailed probability of 0.00069, t-value of 6.6626), and social and community services (two-tailed probability of 0.00004, t-value of 7.69995).
Conclusion: TSA implementation in Nigeria has significantly enhanced government capital expenditure across various sectors, representing a major milestone in financial reform, improving efficiency, transparency, and resource allocation.
Recommendations: Policymakers are advised to adopt cost-saving measures within administrative functions, leverage TSA benefits for economic development projects, sustain and improve investments in social and community services, and refine transfer programs to effectively target vulnerable populations. These steps will optimise the positive impacts of TSA on government capital expenditure and socio-economic development.
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