IMPLICATIONS OF TREASURY SINGLE ACCOUNT (TSA) ON HUMAN RESOURCE MANAGEMENT AMONGTS COMMERCIAL BANKS IN BIDA METROPOLIS, NIGER STATE, NIGERIA

Ibrahim Abubakar Mikugi, Musa Ibrahim & Suleiman Mustapha

Department of Business Administration and Management

The Federal Polytechnic, Bida, Niger State

Email: tatafoundation@hotmail.com

ABSTRACT

Nigeria government has found it difficult to know what constitute her revenue receipt and expenditure; this was due to numerous accounts operated by government Ministries, Departments and Agencies with commercial banks without proper linkages with the Central Bank of Nigeria. This paper examines the implications of Treasury Single Account (TSA) on Human Resource Management amongst commercial banks in Bida Metropolis, Niger State. The objective of the research paper was to find out whether treasury single account policy can lead to reduction in workforce and as well deposit mobilization amongst commercial Banks in Bida Metropolis. The methodology used was a structured statements using Likert Scale Rating Method. Questionnaire was administered to sixty seven (67) staff of eight Banks in Bida. However, fifty four (54) questionnaires were returned. Analysis was done using Statistical Package for Social Science (SPSS). Findings revealed that introduction of treasury single account will affect deposit mobilization in commercial banks. The paper concludes that the single treasury policy is aimed at effective control of government funds thereby facilitating smooth financial implementation. Recommendations were given which includes the need for Staff in Banks to be more committed and dedicated to their work in order to prevent possible consideration for lay-off. Strict measures should be taken to monitor and control the implementation of treasury single account as findings revealed that the introduction of treasury single account is not capable of wiping out corruption in the financial system.

Keywords: Human Resource Management, Single Treasury Account, Commercial Banks