From Victor Osula, Abuja
The Federal Government has unveiled a new payment platform, Treasury Management & Revenue Assurance System (TMRAS) for revenue collection across federal ministries, departments, and agencies (MDAs).
The new payment system replaces REMITA, which has been used by MDAs for revenue services.
A memo from the Office of the Accountant General of the Federation (OAGF), dated February 28, 2025, informed that the new payment system, which became operational on Tuesday, March 4, 2025, is being deployed in two phases.
The first phase covers payments and collections for the naira component only.
“All MDAs, including those that currently access funds at the CBN through the Remita platform, shall now access their funds via the Treasury Management and Revenue Assurance System using the OAGF website (www.fgntreasury. gov.ng)”, it stated.
In addition, the system will allow the OAGF and MDAs to generate bank statements, track balances, and activate automatic deduction and remittance of taxes associated with vendor and contractor payments, including VAT, Withholding Tax, and Stamp Duty.
The second phase, expected to commence on June 1, 2025, will cover collections and payments involving foreign exchange and integration with MDA Enterprise Resource Planning (ERP) systems.
“This phase shall also cover activation of the budget module for MDAs not in the national budget and other non-budgetary financial activities to enforce budget control”, the memo stated.
“The split will be managed through the front end of the TMRAS. The system is designed to automatically split IGR to ensure immediate remittance of the split to both the Federal Government’s account and the dedicated accounts of the respective MDA. Additionally, the system generates and provides detailed reports to both the OAGF and the MDA for transparency and accountability”, the document further stated.
The memo informed that all extra-budgetary payments, including those from Special Accounts, will now be processed exclusively through TMRAS. It also stated that the automatic deduction of 50% of Internally Generated Revenue from Federal Government agencies and parastatals will remain in effect.
The OAGF advised all MDAs to direct all PSSPs currently collecting on their behalf to connect with the official CBN-payment gateway, for instant coordination of government collections on the platform.
“The process of profiling PSSPs shall commence immediately, and approved PSSPs by the Treasury shall be certificated and listed on the TMRAS for collections.
“This measure is aimed at completely eliminating the issuance of manual mandates to further enhance transparency, accountability, and efficient management of public funds”, it added.
