The Office of the Accountant General of the Federation (OAGF) has said that Remita, the Central Bank of Nigeria (CBN)-approved payment gateway, will continue to be operational despite the launch of the new Treasury Management and Revenue Assurance System (TMRAS).
Spokesperson for the OAGF, Bawa Mokwa, disclosed this in a statement.
Mokwa noted that Remita would be integrated into TMRAS alongside other eligible Payment Solution Service Providers (PSSPs) to enhance payment liberalisation.
The statement noted that: “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.”
The Federal Government on Tuesday launched the Treasury Management and Revenue Assurance System (TMRAS) to replace the Remita platform.
The first phase commencing on March 4, 2025, covering Naira-denominated payments and collections, automatic tax deductions, and improved financial oversight. The second phase, scheduled for June 1, 2025, will introduce foreign exchange transactions, integration with MDA Enterprise Resource Planning (ERP) systems, and the activation of a budget module for non-budgetary MDAs.
The OAGF said the TMRAS policy was developed following directives from President Bola Tinubu and the Minister of Finance, Wale Edun, to enhance treasury revenue assurance and improve budget performance across ministries, departments, and agencies (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.
