IMPACT OF TREASURY SINGLE ACCOUNT POLICY ON RECREATION PARTICIPATION AMONG COMMERCIAL BANKS STAFF IN ILORIN, KWARA STATE

Abstract

Generally Commercial Banks in Nigeria conducts various transactions on behalf of ministry, departments and agencies of government, through multiple accounts for different portfolios. This situation enables the banks to engage more man-power in managing the affairs of their operations and yet, the work load remains cumbersome to the extent of eating from part of the leisure hours of the staff in the form of over- time. This study was aimed at identifying the types of recreation activities engaged by commercial banks staff, their level of engagement before and after the implementation of the TSA policy, and to ascertain the impact of the policy on their recreational period. In order to achieve the above stated objectives, banks were randomly picked while 6 staff each was judgmentally picked and also 4 CBN staff and 16 staff of Kwara State Tourism Corporation were also judgmentally selected. The total staff strength of sampled commercial banks, CBN Ilorin branch and Kwara State Tourism Corporation were 162, 41 and 104, respectively. A total of 80 respondents were used for the study. Both primary and secondary methods of data collection were employed. Questionnaire and observation were also used as instruments to generate primary data while nominal row for staff in the identified institutions was used as secondary source to deduce staff strength. The research findings reveals that the bank staff engaged in several recreational activities such as sight viewing, football, cinema, basketball, horse riding, badminton among others. Furthermore, their level of engagement in these activities was highly occassional before the TSA implementation and daily after the implementation of the TSA Policy. It further reveals that reduction in the work load of staff and staff retrenchment were the major impact of the TSA implementation with mean values of 4.38 each while adding to existing workload and reduction in recreation hours was the least impact with mean value of 1.62. Conclusively, TSA policy has significant impact on the recreation period of commercial banks staff. They participate in recreation activities on daily basis after the implementation as against their participation before the implementation of the TSA policy, which was on occational basis. Therefore TSA policy should further be sustained in order to guarantee more recreational hours/time to commercial banks staff particularly in Ilorin Metropolis