The Federal Government has clarified that it has not discontinued the use of Remita as the Central Bank of Nigeria (CBN) approved payment gateway, reports ITREALMS.
According to Mokwa, this initiative aims to enhance government revenue collection, remittances, and promote a more liberalized payment system.
OAGF spokesperson also said, the Treasury Management and Revenue Assurance System (TMRAS) went live on March 4, 2025 and comes in phases.
ITREALMS gathered that the second phase has been scheduled to commence on Sunday, June 1, 2025, with focus on revenue collections and payments in foreign exchange and consequently integrate with MDA Enterprise Resource Planning (ERP) systems.
Mokwa pointed out that the TMRAS policy was developed in line with the directives of the President and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun to achieve effective treasury revenue assurance and improved budget performance of all MDAs and FGOEs.
“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.
“Remitta 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 Remitta, but all the other payments service providers that are licensed by the CBN will be able to operate.”
Further, OAGF clarified that “Remitta remains the only approved payment gateway for Federal Government payments and revenue collection for at least two months, but the government is working to take over the management of the front-end payment infrastructure and expand the collection system to accommodate other Central Bank of Nigeria (CBN) licensed Payment Solution Services Providers (PSSPs).”
The OAGF advised all revenue payers and the general public to continue using Remitta and/or visit www.fgntreasury.gov.ng for all payments to the Federal Government.
Mokwa pointed out that the TMRAS policy was developed in line with the directives of the President and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun to achieve effective treasury revenue assurance and improved budget performance of all MDAs and FGOEs.
“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.
“Remitta 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 Remitta, but all the other payments service providers that are licensed by the CBN will be able to operate.”
Further, OAGF clarified that “Remitta remains the only approved payment gateway for Federal Government payments and revenue collection for at least two months, but the government is working to take over the management of the front-end payment infrastructure and expand the collection system to accommodate other Central Bank of Nigeria (CBN) licensed Payment Solution Services Providers (PSSPs).”
The OAGF advised all revenue payers and the general public to continue using Remitta and/or visit www.fgntreasury.gov.ng for all payments to the Federal Government.
Chuks Egbune/Editor
No comments:
Post a Comment