The Federal Government has launched the Revenue Optimization and Assurance Project (REV-OP).
This strategic initiative aims to address revenue leakages, enhance transparency, and drive economic development.
A statement by the ministry of finance described the project as a significant step towards strengthening Nigeria’s economy and achieving sustainable growth and development,
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun officially unveiled the project, a flagship initiative designed to strengthen Nigeria’s public financial management and revenue systems when he chaired a high-level session Thursday in his office in Abuja.
He explained that it is not a rebrand, but a clean break and the project marks the start of a more secure and accountable financial future for Nigeria.
Mohammed Manga Director, Information and Public Relations, Ministry of Finance stated that the REV-OP initiative introduces a bold new framework grounded in transparency, efficiency, and digital transformation.
The session brought together representatives from the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), and the Office of the Accountant General, alongside key private-sector technology partners.
To ensure robust oversight and delivery, a two-tier governance structure has been established, comprising a Steering Committee and a dedicated Project Management Team, with daily coordination meetings to drive momentum and execution. This structure is expected to enhance accountability, facilitate effective decision-making, and ensure timely implementation of project objectives.
According to Manga, the REV-OP initiative aligns closely with President Bola Ahmed Tinubu’s economic vision to increase domestic revenue, plug leakages, and build a stable, investor-friendly fiscal environment.
As Nigeria embarks on this transformative journey, the Revenue Optimization and Assurance Project is poised to drive economic growth, improve revenue collection, and enhance transparency in public financial management.
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