The Office of the Accountant General of the Federation has clarified that Remita, the CBN-approved payment gateway, will remain operational alongside the newly launched Treasury Management and Revenue Assurance System.
This assurance addresses concerns about potential disruptions to government payment and revenue collection processes.
in a statement signed by the spokesperson, Bawa Mokwa, on Tuesday, the OAGF clarified that Remita will be integrated into TMRAS alongside other eligible Payment Solution Service Providers, promoting a more liberalized and efficient revenue collection process.
“Remita is one of the secured channels of revenue payment, but there are many others. The Treasury Management and Revenue Assurance (TMRAS) will now allow these other secure payment platforms to connect.
“So, it will not be only Remita, but all the other payment service providers that are licensed by the CBN will be able to operate,” they stated.
It was reported that the Federal Government launched the Treasury Management and Revenue Assurance System to replace the Remita platform.
The first phase begins on March 4, 2025, covering Naira-denominated payments and collections, automatic tax deductions, and enhanced financial oversight.
The second phase, set for June 1, 2025, will introduce foreign exchange transactions, integration with MDA Enterprise Resource Planning systems, and a budget module for non-budgetary MDAs.
According to the Office of the Accountant General of the Federation, the TMRAS policy was developed based on directives from President Bola Tinubu and Finance Minister Wale Edun to strengthen treasury revenue assurance and improve budget performance across MDAs.
“The Treasury Management and Revenue Assurance (TMRAS) is designed to coordinate, streamline, and manage the Federal Government’s revenue collections and payments for all Ministries, Departments, and Agencies (MDAs).
“It will guarantee the liberalisation of government revenue payment processes, enhance revenue collections, and would aid efficient, timely analysis of the information regarding such transactions,” the office said.
The OAGF stated that the government is working towards taking over the management of the front-end payment infrastructure.
Previously, this infrastructure for the Nigerian government’s revenue collection was managed by SystemSpecs, the company behind the Remita platform.
The government’s move to take over the management of the front-end payment infrastructure is aimed at expanding the collection system to accommodate other payment solution service providers licensed by the CBN.
