New Treasury directives outlaw physical cash receipts, enforce unified e-receipts, halt unauthorized deductions, and mandate full integration into the RevOP platform.
The Federal Government has prohibited the use of physical cash for all revenue payments and ordered all Ministries, Departments, and Agencies (MDAs) to deploy Point of Sale (POS) terminals and other approved e-payment systems within 45 days.
The directive is part of four new Treasury circulars issued by the Office of the Accountant-General of the Federation (OAGF).
In the documents, the Accountant-General of the Federation (AGF), Shamseldeen Ogunjimi, declared that henceforth, all payments to the Federal Government must be conducted electronically and routed through approved channels integrated into the Treasury Single Account (TSA).
“All payments to government must be made through electronic channels approved by the Office of the Accountant-General of the Federation and integrated into the appropriate TSA. The continued acceptance of physical cash is prohibited,” the circular stated.
Physical cash collections outlawed
The first circular, dated November 24, 2025, titled Enforcement of No Physical Cash Receipt Policy for All Federal Government Revenue Transactions, said the government was alarmed by the persistent acceptance of cash at MDA revenue points despite existing TSA and e-payment policies.
It stated that physical cash handling “violates extant regulations” and undermines the integrity of the Federal Government’s revenue systems.
All MDAs and Federal Government-Owned Enterprises are now required to:
- Sensitise staff and the public on the ban
- Display notices reading “NO PHYSICAL CASH RECEIPT” and “NO CASH PAYMENT” at all collection points
- Install POS terminals or other electronic collection devices within 45 days
Accounting officers will be personally liable for any breach.
FG halts unauthorized deductions from revenue
A second circular, issued on November 25, 2025, addressed a separate concern: unauthorized deductions made through customised MDA payment platforms.
The OAGF found that several MDAs were using front-end applications linked to Payment Solution Service Providers (PSSPs), enabling fees and commissions to be deducted at source before remitting funds to the TSA.
This practice, described as a major source of “significant revenue leakages,” was immediately banned.
The circular directed that:
- All revenues must be remitted in full to the TSA or sub-TSA without deductions
- Service fees must be paid directly by the Treasury, not deducted at source
- All portals and PSSPs must be regularised with the OAGF by December 31, 2025
- MDAs in public-private partnerships must seek Treasury guidance
Non-compliant MDAs risk losing access to GIFMIS and TSA accounts.
FG introduces mandatory national e-receipt from Jan 1, 2026
The third circular, dated November 26, 2025, unveiled the Federal Treasury e-Receipt (FTe-R), a unified electronic receipt for all Federal Government payments.
Effective January 1, 2026, only the centrally issued FTe-R will serve as valid proof of federal transactions.
The receipts will be issued through the Revenue Optimisation (RevOP) platform and sent electronically via each MDA’s preferred channels.
Federal Government rolls out RevOP platform nationwide
The fourth circular, dated November 27, 2025, confirmed the rollout of the Revenue Optimisation (RevOP) platform—now adopted as the government-wide digital system for billing, revenue tracking, reconciliation, and treasury visibility.
RevOP will integrate with:
- TSA and GIFMIS
- CBN
- NIBSS
- FIRS
- Revenue-collecting banks
MDAs must:
- Nominate three RevOP focal officers within seven working days
- Provide full details of all local and foreign currency accounts
- Ensure complete integration within 60 days
- Work only with PSSPs licensed by CBN, endorsed by NITDA, and approved by OAGF
The Treasury said RevOP will centralise and harmonise revenue collection across the federation.
Most sweeping reform since the TSA
Ogunjimi signed all four circulars, directing accounting officers, directors of finance, and internal auditors to ensure widespread dissemination and strict enforcement.
These measures, analysts note, represent some of the most extensive changes to federal revenue administration since the introduction of the Treasury Single Account (TSA) nearly a decade ago.
Earlier in March 2025, the Federal Government launched the Treasury Management & Revenue Assurance System (TM-RAS) to manage revenue flows across MDAs, donor-funded programmes, trust funds, and special funds. Its first phase covered naira transactions, while the second phase set to begin June 1, 2025, will cover foreign exchange payments and MDA ERP system integration.
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