JOURNAL OF SOCIAL AND MANAGEMENT SCIENCES
Journal of the Faculty of Social Sciences, Delta State University, Abraka, Nigeria
ISSN: 1597-0396
DOI: 10.5987/UJ-JSMS
Email: jsms@universityjournals.org
FEDERAL GOVERNMENT TREASURY SINGLE ACCOUNT (TSA) DEPOSITS AND COMMERCIAL BANKS PERFORMANCE
DOI: 10.5987/UJ-JSMS.17.044.3 | Article Number: 4656E33 | Vol.11 (3) - December 2016
Authors: CHIGBU Emmanuel Ezeji and ONUORAH Anastasia Chi-chi
Keywords: Treasury Single Account, Banking sector, Financial policy
The paper assesses the effect of implementation of Federal Government Treasury Single Account (TSA) Deposits and commercial banks performance in Nigeria. Time series data were collected from Central Bank of Nigeria (CBN) Statistical Bulletin (2015) for the period 2012 to 2016. The exogenous variable federal government treasury single account deposit was proxied using Federal Government demand deposit (FGDD), Federal Government time deposit (FGTD), and Federal Government saving deposit (FGSD) while the dependent variable Bank performance was proxied using the summation of two performance indicators: Return on Equity (ROE) and Return on Investment (ROI). The study employed trend analysis (bar charts) and SPSS 7.0 software descriptive statistics and least square test). The results obtained revealed that the implementation of Treasury Single Account deposit: federal government demand deposit (LnFGDD), Federal government time deposit (LnFGTD), and Federal Government savings deposit (LnFGSD) have positive impact on the bank performance in Nigeria. LnFGSD impacted negatively on LnCBP in Nigeria. The study shows that the overall variables are not statistically significant as p-value f- stat (0.88 > 0.05) significant level. The study recommended that there is need for adequate working system of the TSA to be put in good place. Also government should review the TSA policy to specifically safeguard the financial conditions of Nigeria.
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