The Office of the Accountant General of the Federation (OAGF), has issued four significant circulars introducing sweeping changes to the federal government’s revenue collection architecture. These circulars form part of a broader national strategy to modernise public finance, close revenue leakages, deter corruption, and strengthen Nigeria’s fiscal position through technology-driven reforms.
The reforms scheduled to begin January 1, 2025 introduce strict cashless collection, a new mandatory e-receipt system (FTeR), and full-scale rollout of the Revenue Optimisation (RevOp) Platform—a unified digital ecosystem for monitoring, reconciling, and optimising government revenues.
These policy measures represent the most ambitious upgrade to Nigeria’s treasury operations since the establishment of the Treasury Single Account (TSA).
The Federal Treasury eReceipt (FTeR) will become the only valid and legally recognised receipt for all federal government transactions from January 1, a major shift in how Nigerians pay for government services and how such payments are verified. It directly affects citizens, businesses, MDAs, financial institutions, and digital service providers according to the OAGF.
By outlawing unauthorised deductions, commissions, or charges taken before remittance to the TSA, the government expects to eliminate substantial leakages in billions of Naira that currently occur within MDAs using unapproved PSSP platforms.
The circulars operationalise the Minister of Finance, Mr Wale Edun’s broader economic strategy: reducing human discretion, eliminating cash handling, enforcing full audit trails, and using real-time digital insights to strengthen accountability.
It marks the biggest consolidation of Nigeria’s digital public finance infrastructure in a decade: TSA, GIFMIS, CBN, NIBSS, FIRS, and MDAs will now speak to each other in a unified digital environment through RevOp.
The three circulars indicate series of improvements and changes.
On Circular 1 which is the Enforcement of “No Physical Cash Receipt Policy” and End to Unauthorised Deductions, All federal government revenue must now be collected without physical cash, eliminating cash-based fraud and manual leakages; MDAs must cease using customised front-end applications on unapproved Payment Solution Service Provider (PSSP) platforms; No deductions—whether fees, commissions, or charges—can be taken at the point of collection;The gross amount collected from any payer must be remitted directly into the TSA, without exception. This implies a more transparent payment process for citizens and businesses, all MDAs must obtain official approval before deploying any digital payment platform and Tighter controls on revenue streams that historically suffered from opacity and fragmentation.
Circular 2: Adoption and Mandatory Use of the Federal Treasury eReceipt (FTeR)—A centrally issued, fraud-proof digital receipt generated through the OAGF’s RevOp platform. Effective January 1, 2026 , FTeR becomes the only valid proof of federal government payment, it will be automatically generated and sent to payers via channels selected by each MDA and it is designed to eliminate fake receipts and unverifiable paper-based acknowledgments. It matters because Citizens can finally gain a uniform, verifiable, government-issued digital receipt. All payments would become traceable, searchable, and auditable in real time. It is also expected to enhances public trust in government financial interactions.
CIRCULAR 3: Rollout and Implementation Guidelines for the Revenue Optimisation (RevOp) Platform is now the approved end-to-end revenue optimisation platform for the federal government. It provides Unified billing for all MDAs, Automated reconciliation and digital tracking of all payments, Real-time dashboards for monitoring MDA performance, and Seamless integration with TSA, GIFMIS, CBN, NIBSS, and FIRS for a 360° view of federal revenues. The benefits include: Streamlined processes for MDAs and the public, Stronger enforcement of financial regulations, as well as A single source of truth for all revenue-related data.
According to documents obtained from the Office of the Accountant General of the Federation, The Minister of Finance and Coordinating Minister of the Economy has consistently championed a data-driven, technology-enabled fiscal reform agenda.
Good production costs money and you can support what we do. Please find our details below👇🏾👇🏾👇🏾 Account name: MARKET ONLINE MEDIA Bank: UBA Acc No: 1026401930.
