Treasury Single Account and Money Deposit Banks Crises in Nigeria

Abstract

The impact of treasury single account is the Nigeria economic environment, is a current trend that is affecting most organisation. This study is based on effect of Treasury Single Account on Banking Crisis in Nigeria. The researcher used primary data obtained from distribution of 100 questionnaires to five (5) selected banks in Nigeria. These banks are First bank, Zemith bank, Union Bank, Guranty trust bank and First City Monument Bank(FCMB). This banks were chosen using puporsive sampling techniques. The statistical finding shows that the correlation coefficient result shows a P-value of P=0.0001<0.05 hence the Null Hypothesis will be rejected, this show that Treasury single account has effect on banks unemployment crisis While the Result of the Multiple Regression Shows P-value =0.002<0.05 and T=13.11>0.05. Hence, the Null hypothesis was rejected which also confirms that Treasury single account has effect on liquitidy problems in banks . Therefore based on these findings the study concludes that Banks should source funds from other sectors of the economy; more than 50%of the population of Nigeria does not have access to financial services. Savings and investment should be encouraged instead of people keeping their money under their pillow. It entails that unwavering commitment and sincerity of purpose are needed for the system to work effectively.

Keywords: Treasury Single account, Money deposit banks, Funds, Policies,Revenue.