The Federal Government of Nigeria has introduced the Revenue Optimization and Assurance Project, a transformative initiative aimed at strengthening public financial management.
Through a technology-driven approach, the project seeks to curb revenue leakages, enhance transparency, and promote sustainable economic development.
The project was unveiled at a high-level session held at the Ministry of Finance headquarters in Abuja.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who led the launch, hailed REV-OP as a decisive departure from previous approaches and a vital step toward achieving fiscal accountability.
“This is not a rebrand, but a clean break. The project marks the start of a more secure and accountable financial future for Nigeria,” Edun stated during the unveiling.
According to a statement by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga, the initiative was carefully crafted to strengthen Nigeria’s economic resilience and foster sustainable growth through improved revenue mobilization and management.
REV-OP is anchored on three core pillars: transparency, efficiency, and digital transformation.
The project adopts a technology-driven approach to public finance, enabling real-time monitoring and data-informed decision-making across all revenue-generating agencies.
The launch event brought together senior officials from the Federal Inland Revenue Service, the Central Bank of Nigeria, and the Office of the Accountant General, along with key technology partners from the private sector.
This collaborative effort highlights the administration’s commitment to a multi-stakeholder governance approach.
REV-OP supports President Bola Ahmed Tinubu’s economic agenda by focusing on boosting domestic revenue, closing loopholes, and fostering a stable fiscal environment that encourages investment and development.
As the country moves forward with this reform, REV-OP is expected to enhance government revenue, promote greater accountability in public finance, and lay a strong foundation for sustainable economic growth.
