The Nigerian government has announced the immediate suspension of physical cash payments for all revenue transactions. Ministries, Departments, and Agencies (MDAs) are required to deploy Point of Sale (POS) terminals and other approved electronic payment systems within 45 days. This initiative aims to enhance the transparency and efficiency of government revenue collection.
According to the Office of the Accountant‑General of the Federation (OAGF), all payments to the federal government must now be made electronically and processed through Treasury‑approved channels fully integrated into the Treasury Single Account (TSA). Accountant‑General Shamseldeen Ogunjimi emphasized that the collection and acceptance of physical cash for any federal revenue is strictly prohibited. The directive is outlined in four treasury circulars issued by the OAGF, which expressed concern over the continued use of cash at MDA revenue points despite existing TSA and e‑payment policies. Such practices are seen as undermining the integrity of government financial systems.
To address this, all MDAs and government‑owned enterprises have been ordered to immediately sensitize staff and the public, displaying notices such as “NO PHYSICAL CASH RECEIPT” and “NO CASH PAYMENT” at their collection points. Agencies currently receiving cash have 45 days to install functional POS machines and other approved electronic devices. Accounting officers will be held liable for any violations.
Additionally, the government will introduce a unified electronic receipt, the Federal Treasury e‑Receipt (FTe‑R), for all payments effective 1 January 2026. The FTe‑R will serve both as the payer’s receipt and as official proof of revenue collection. The government has also approved the Revenue Optimisation (RevOP) platform as the central system for end‑to‑end revenue optimisation across all federal entities. This platform is expected to improve visibility of revenue inflows, streamline billing processes, and provide real‑time monitoring of accounts operated by MDAs.
Through these measures, the Nigerian government aims to improve the efficiency and transparency of its revenue collection systems, reduce the risk of revenue leakages, and promote a more digital economy.
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