The Federal Government of Nigeria has announced plans to eliminate cash payments in Ministries, Departments, and Agencies (MDAs) by deploying Point of Sale (PoS) terminals at designated locations within 45 days. This move aims to streamline revenue collection and enhance fiscal transparency. A circular signed by the Accountant‑General, Shamseldeen Ogunjimi, mandates that all payments to the Federal Government be made electronically through approved channels.
The directive is part of a broader effort to reform federal revenue administration, which includes the introduction of a new payment platform called the Treasury Management and Revenue Assurance System. This system will manage federal revenue collections and payments across MDAs, covering donor funds, trust funds, social security funds, and special funds. The government has expressed concern over the continued use of physical cash for revenue collection, despite existing rules on e‑payment and the Treasury Single Account, viewing the practice as a threat to the integrity of federal e‑collection and e‑payment systems.
To address this, MDAs have been instructed to display notices stating “NO PHYSICAL CASH RECEIPT” and “NO CASH PAYMENT” at all revenue collection points. In addition to the PoS deployment, the government has introduced a mandatory national e‑receipt system, the Federal Treasury e‑Receipt (FTe‑R). The FTe‑R will provide a unified electronic receipt for all government payments, serving as proof of federal transactions. It will be issued through the Revenue Optimisation platform and delivered electronically to payers.
The government has also launched a digital platform called Revenue Optimisation (RevOP) to improve visibility of revenue collections, streamline billing, and enable real‑time monitoring of accounts held by MDAs. RevOP will provide unified automation of billing, reconciliation, and treasury visibility, and will integrate with existing financial systems.
These measures are expected to enhance fiscal transparency, reduce revenue leakages, and improve the overall efficiency of federal revenue administration. Accounting officers, finance directors, and internal auditors have been directed to ensure strict compliance with the new directives, which aim to promote a more modern and accountable public financial management system.
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