FG sidelines Remita, introduces new revenue platform, TMRAS

The Federal Government has launched a new revenue platform, the Treasury Management and Revenue Assurance (TMRAS).

In a statement on Tuesday, the Office of the Accountant General of the Federation (OAGF) said despite the launch of the new payment platform, the Remita platform, known as the Central Bank of Nigeria (CBN) approved payment gateway, would still be operational.

The statement signed by a spokesperson for the OAGF, Bawa Mokwa, said that Remita would be integrated into the TMRAS alongside other eligible Payment Solution Service Providers (PSSPs) for government revenue collection and remittances to enhance liberalisation.

The Office said the TMRAS policy was developed in line with the directives of President Bola Tinubu and the Minister of Finance, Wale Edun, to achieve effective treasury revenue assurance and improved budget performance of all ministries, departments, and agencies.

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“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.

“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.”

To allay the fears of revenue payers and the general public, the OAGF clarified that Remita remained the only approved payment gateway for Federal Government payments and revenue collection for at least two months.

The OAGF, however, said the government was working to take over the management of the front-end payment infrastructure and expand the collection system to accommodate other CBN-licensed payment solution services providers.

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