FG Mandates Electronic Revenue Payments

The Federal Government has officially prohibited the use of physical cash for revenue payments. This rule applies to all Ministries, Departments, and Agencies (MDAs). In a decisive move to strengthen financial accountability, the government has directed all MDAs to install Point of Sale (POS) terminals within 45 days.

The Office of the Accountant-General of the Federation (OAGF) issued this directive in a series of four Treasury circulars. Accountant-General Shamseldeen Ogunjimi emphasized the new requirement. He stated that all government payments must now occur through approved electronic channels integrated into the Treasury Single Account (TSA).

The Ban on Physical Cash

The first circular, dated November 24, 2025, expressed concern over the continued use of cash at revenue points. It noted that such practices compromise the integrity of the government’s e-payment systems.

Consequently, the acceptance of cash—whether in Naira or foreign currencies—is now strictly forbidden. To ensure compliance, MDAs and Federal Government Owned Enterprises have received specific orders:

• Immediately sensitize staff and the public regarding the ban.
• Display conspicuous notices stating “NO PHYSICAL CASH RECEIPT” and “NO CASH PAYMENT” at all collection points.
• Deploy functional POS terminals or other approved electronic devices within the 45-day ultimatum.

Accounting officers will be held personally responsible for any violations of this new policy.

Stopping Unauthorized Deductions

A second circular, issued on November 25, 2025, addressed unauthorized deductions. The Treasury observed that some MDAs were using third-party platforms to deduct fees before remitting the balance to the TSA.

Describing this practice as a source of revenue leakage, the OAGF ordered an immediate halt. All revenues must now be remitted in full to the TSA without deductions. Any service fees incurred must be paid directly from Treasury accounts.

MDAs using existing portals have until December 31, 2025, to regularize their operations. Non-compliance will result in the disabling of access to the Government Integrated Financial Management Information System (GIFMIS) and TSA accounts.

Introduction of the Federal Treasury e-Receipt

To further standardize transactions, the government introduced the mandatory Federal Treasury e-Receipt (FTe-R). This was announced in a third circular dated November 26, 2025.

Effective January 1, 2026, the Federal Treasury will issue a unified electronic receipt for all payments. This centrally issued e-receipt will be the only document recognized as valid proof of federal transactions. It will be generated via the Revenue Optimisation platform and delivered electronically to payers.

Launch of the Revenue Optimisation Platform (RevOP)

The final circular, dated November 27, 2025, unveiled the Revenue Optimisation (RevOP) Platform. This digital tool is designed to provide visibility of revenue collections. It streamlines billing and allows for real-time monitoring of accounts.

RevOP will integrate with critical financial infrastructure, including the CBN, NIBSS, FIRS, and revenue-collecting banks. To facilitate this transition:

• MDAs must nominate three officers as RevOP focal personnel within seven days.
• Only PSSPs licensed by the Central Bank and approved by the OAGF are permitted to operate.
• MDAs must submit details of all local and foreign currency accounts within 60 days.

These measures represent a significant overhaul of federal revenue administration. They build upon the Treasury Management & Revenue Assurance System introduced earlier in the year.